Compare Aldermore Mortgage Rates & Fees
Aldermore offer a personal service to help you find the right mortgage deal for you.
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.
Aldermore lender profile
- 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
- Variable rate
- Buy to let
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.
You can switch from your existing mortgage provider and pay off the remainder of your balance to Aldermore using one of its remortgage products.
With a variable-rate mortgage, your interest rate may fluctuate based on economic conditions.
With tracker mortgages, the interest rate follows another publicly available interest rate, typically the Bank of England base rate.
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.
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.
New customers can make enquiries by calling 0370 218 4101 or emailing email@example.com.
Can I make overpayments?
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.
How long do I have to wait to hear a decision?
You can expect a decision on your mortgage application within 24 hours.
Compare Aldermore using a mortgage broker.
There are huge benefits to choosing to use a mortgage broker to help you get the right deal. They will do all of the hard work and research for you. They are experts in comparing the hundreds of loans and lenders out in the market based on your individual needs and eligibility, so you won’t have to worry about being forced into a deal. Your broker will also negotiate with your chosen lender on your behalf to make sure you are getting the right deal for you.
L&C work with over 80 different mortgage lenders, including Aldermore, giving you a great opportunity to compare different mortgage deals in the market. To apply for a mortgage through L&C click the link below.
London and Country Mortgage Experts
L&C is a specialist broker offering mortgage comparison & free advice.
- Compare over 80 mortgage lenders
- Fee FREE mortgage advice
- Personal customer service from start to finish
- Open 7 days a week
Find a mortgage using a broker to compare the market
Ask an Expert