Aldermore mortgages calculator & review

Aldermore offer a personal service to help you find the right mortgage deal for you.

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Matthew Boyle
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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.
Data updated regularly
£
£
years
Data updated regularly
Name Product Initial rate Revert rate (SVR) Maximum LTV Apply link Initial payment
Aldermore 2 Years Fixed
Aldermore
2.48% fixed for 2 years
4.58% variable
75%
View details
£740.5
4.2% APRC
Aldermore 5 Years Fixed
Aldermore
2.68% fixed for 5 years
4.58% variable
75%
View details
£754.2
3.8% APRC
Aldermore 2 Years Fixed
Aldermore
2.78% fixed for 2 years
4.58% variable
80%
View details
£761.11
4.3% APRC
Aldermore 5 Years Fixed
Aldermore
2.98% fixed for 5 years
4.58% variable
80%
View details
£775.04
3.9% APRC
Aldermore 2 Years Fixed
Aldermore
3.08% fixed for 2 years
4.58% variable
75%
View details
£782.06
4.4% APRC
Aldermore 5 Years Fixed
Aldermore
3.28% fixed for 5 years
4.58% variable
75%
View details
£796.21
4.1% APRC
Aldermore 2 Years Fixed
Aldermore
3.38% fixed for 2 years
4.58% variable
80%
View details
£803.34
4.5% APRC
Aldermore 2 Years Fixed
Aldermore
3.38% fixed for 2 years
4.58% variable
75%
View details
£803.34
4.4% APRC
Aldermore 2 Years Fixed
Aldermore
3.58% fixed for 2 years
4.58% variable
80%
View details
£817.71
4.5% APRC
Aldermore 5 Years Fixed
Aldermore
3.58% fixed for 5 years
4.58% variable
80%
View details
£817.71
4.3% APRC
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Overall representative example
If you borrow £170,000 over a 25-year term at 1.28% p.a. (fixed) for 64 months reverting to 3.59% p.a. (variable) for the remaining term, you would make 64 monthly payments of £662.46 and 236 monthly payments of £816.99. The total payable would be £236,354.08, which includes interest of £65,207, valuation fees of £102 and a product fee of £995. The overall cost for comparison is 2.7% APRC representative.
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.

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 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.

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.

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2 Responses

    Default Gravatar
    NileshkumarApril 9, 2018

    What is the best fixed mortgage rate for buy to let mortgage for borrowing up to £240,000

    Reply
      Avatarfinder Customer Care
      JoshuaApril 10, 2018Staff

      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

      Reply
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