Less than perfect credit mortgages

Looking for a mortgage when you’ve a less than perfect credit history? This calls for Aldermore.

Life doesn’t always go as smoothly as we’d like, and there are times when your finances can get a little out of hand. We know there are many reasons why you might not have the perfect credit score, so at Aldermore we look at your mortgage application on its own merits. This includes making sure any potential impacts from Covid-19 are also taken into account. We’re here to help you realise your dreams, so if there’s a way to make it happen, we’ll find it.

We're here to help you realise your dreams

We have 2 and 5 year fixed products available, which means you’ll know what your monthly payments will be for this fixed term period.

And we have flexible credit criteria, for example:

  • We’ll consider applications if you are on a debt management plan or if you’ve had an Individual Voluntary Arrangement (IVA), Debt Relief Order (DRO) or bankruptcy which has been discharged for at least six years. For buy to let mortgages, we’ll consider IVAs three years after the discharge date.
  • We’ll allow up to a maximum of two missed loan payments in the past 2 years, as long as none have been missed during the last 3 months.
  • We’ll ignore communication defaults and will allow up to one default recorded between months 13 and 36, as long as it’s less than £500 and settled
  • All defaults recorded over 3 years are considered whether settled or unsettled
  • And we’ll consider County Court Judgements (CCJ) or Sheriff Court Decree as long as they were recorded over 3 years ago and none active over £500 in the last 3 years.


Want to find out more on ways to help improve your credit score? Read our article

We only offer mortgages through brokers

If you’re looking for a new mortgage, then please contact your broker, they’ll be able to discuss your personal circumstances to help find the right mortgage for you. You can find a mortgage broker by searching online or by asking friends or family for personal recommendations. Don’t forget to check they're registered with the FCA. You can do this by visiting register.fca.org.uk

Why use a mortgage broker? Read our article on 10 great reasons.

Subject to status. Credit will be secured on your home. Your home may be repossessed if you do not keep up repayments.