Aldermore offers a personal service to help you find the right mortgage deal with up to 95% LTV.
Aldermore Bank is a retail bank, established in 2009, that provides financial services to small- and medium-sized businesses and is recognised as one of Britain's leading alternative banks. The company considers all applications according to the judgement of its dedicated underwriters, rather than an automatic system.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
Overall representative example If you borrow £178,000 mortgage over 25 years initially at 4.49% fixed for 60 months reverting to 7.99% variable for term. 60 monthly payments of £988.37 and 240 monthly payments of £1306.89. Total amount payable £373,335.80 includes loan amount, interest of £194,956, valuation fees of £0 and product fees of £0. The overall cost for comparison is 6.7% APRC representative.
Think carefully before securing debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.
Aldermore is a retail bank offering specialist mortgages for residential, buy-to-let and commercial properties.
They offer financial products and solutions for homeowners, landlords, savers and SMEs.
What types of mortgages does Aldermore offer?
Fixed rate A fixed-rate mortgage provides certainty by locking your interest rate for a set amount of time. After the fixed-rate period ends, your rate switches to the standard-variable rate.
Remortgages You can switch from your existing mortgage provider and pay off the remainder of your balance to Aldermore using one of its remortgage products.
Variable rate With a variable-rate mortgage, your interest rate may fluctuate based on economic conditions.
Tracker With tracker mortgages, the interest rate follows another publicly available interest rate, typically the Bank of England base rate.
Buy to let A buy-to-let mortgage is needed if you want to buy a second property to let out.
How to apply
You can apply by calling 0330 127 8346 or request a call back via Alermore’s website. It’s also possible to apply for an Aldermore mortgage via a mortgage broker.
What information is needed to apply?
When applying for an Aldermore mortgage, you’ll need your personal details and information about your employment to hand. Expect to be asked for previous bank statements and proof of income.
Eligibility criteria
Aldermore lends to applicants between 21 and 75 years old in England, Scotland and Wales. In 2019, it increased its maximum income-to-loan ratio to 5.5. It has mortgages especially designed for low-income applicants and those hoping to borrow into retirement.
Contact information
New customers can make enquiries by calling 0370 218 4101 or emailing mortgage.advisers@aldermore.co.uk.
Customer reviews
Aldermore Bank has a ‘Excellent’ rating on Trustpilot with a score of 4.5 (updated November 2023). Customers praised Aldermore’s competitive interest and mortgage rates.
Frequently asked questions
Aldermore allows unlimited overpayments on its mortgages. However, if you overpay by more than 10% per year on its fixed-rate mortgages, you’ll face an early repayment charge.
You can expect a decision on your mortgage application within 24 hours.
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Matthew Boyle is a banking and mortgages publisher at Finder. He has a 7-year history of publishing helpful guides to assist consumers in making better decisions. In his spare time, you will find him walking in the Norfolk countryside admiring the local wildlife.
I may not be able to give you a straightforward answer since I don’t completely know your unique situation, but let me give you some general pieces of information to help you make better decisions.
It is important to take your time and research different mortgage lenders and different mortgage deals to make sure you get the best deal for your circumstances. Before you make a choice, you need to consider your eligibility, investor benefits, rates, fees, and others features.
We do have a helpful buy to let mortgage guide on this page. You might want to check it out.
I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.
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We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
What is the best fixed mortgage rate for buy to let mortgage for borrowing up to £240,000
Hi Nileshkumar,
Thanks for getting in touch with finder.
I may not be able to give you a straightforward answer since I don’t completely know your unique situation, but let me give you some general pieces of information to help you make better decisions.
It is important to take your time and research different mortgage lenders and different mortgage deals to make sure you get the best deal for your circumstances. Before you make a choice, you need to consider your eligibility, investor benefits, rates, fees, and others features.
We do have a helpful buy to let mortgage guide on this page. You might want to check it out.
I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.
Have a wonderful day!
Cheers,
Joshua