Aldermore mortgages review

Aldermore offers a personal service to help you find the right mortgage deal with up to 95% LTV.

4.6 ★★★★★ (16 reviews) Write a review
Aldermore Bank is a retail bank, established in 2009, that provides financial services to personal customers and 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.
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1 - 10 of 107
Name Product Initial rate Revert rate (SVR) Maximum LTV Cashback Apply link Initial payment
Aldermore 5 years Fixed
5.44% fixed for 5 years
9.73% variable
65%
View details
£958.30
8% APRC
Aldermore 5 years Fixed
5.54% fixed for 5 years
9.73% variable
65%
View details
£966.21
8% APRC
Aldermore 5 years Fixed
5.64% fixed for 5 years
9.73% variable
75%
View details
£974.15
8.1% APRC
Aldermore 5 years Fixed
5.64% fixed for 5 years
9.73% variable
65%
View details
£974.15
8% APRC
Aldermore 5 years Fixed
5.74% fixed for 5 years
9.73% variable
75%
View details
£982.12
8.1% APRC
Aldermore 3 years Fixed
5.79% fixed for 3 years
9.73% variable
65%
View details
£986.12
8.8% APRC
Aldermore 5 years Fixed
5.84% fixed for 5 years
9.73% variable
65%
View details
£990.12
8.2% APRC
CASHBACK
Aldermore 5 years Fixed
5.84% fixed for 5 years
9.73% variable
75%
Eligible customers can receive up to £300 cashback on completion. T&Cs apply.
View details
£990.12
8.1% APRC
Aldermore 2 years Fixed
5.84% fixed for 2 years
9.73% variable
65%
View details
£990.12
9.2% APRC
Aldermore 3 years Fixed
5.89% fixed for 3 years
9.73% variable
65%
View details
£994.14
8.7% APRC
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Overall representative example
If you borrow £178,000 mortgage over 25 years initially at 4.63% fixed for 60 months reverting to 6.99% variable for term. 60 monthly payments of £1002.56 and 240 monthly payments of £1214.16. Total amount payable £351,932.00 includes loan amount, interest of £173,552, valuation fees of £0 and product fees of £0. The overall cost for comparison is 6.2% 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’s buy-to-let mortgage rates

1 - 7 of 128
Name Product Initial rate Revert rate (SVR) Maximum LTV Overall cost for comparison Cashback Link
Aldermore 5 years Fixed
4.89% fixed for 5 years
9.73% variable
75%
8.6% APRC
View details
Aldermore 5 years Fixed
4.89% fixed for 5 years
9.73% variable
75%
8.6% APRC
View details
Aldermore 5 years Fixed
4.89% fixed for 5 years
9.73% variable
75%
8.6% APRC
View details
Aldermore 5 years Fixed
4.89% fixed for 5 years
9.73% variable
75%
8.6% APRC
View details
Aldermore 5 years Fixed
4.99% fixed for 5 years
9.73% variable
75%
8.7% APRC
View details
Aldermore 5 years Fixed
4.99% fixed for 5 years
9.73% variable
75%
8.7% APRC
View details
Aldermore 5 years Fixed
4.99% fixed for 5 years
9.73% variable
75%
8.7% APRC
View details
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Aldermore lender profile

  • Aldermore is a retail bank offering specialist mortgages for residential, buy-to-let and commercial properties.
  • It offers 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 0333 321 1000 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 0333 321 1000 or emailing mortgage.advisers@aldermore.co.uk.

Customer reviews

Aldermore Bank has a “Excellent” rating on Trustpilot with a score of 4.6 (updated May 2024). Customers praised Aldermore’s competitive interest and mortgage rates.

Frequently asked questions

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you. Most of the data in Finder's comparison tables has the source: Moneyfacts Group PLC. In other cases, Finder has sourced data directly from providers.
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Written by

Matthew Boyle

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. See full profile

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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

      AvatarFinder
      JoshuaApril 10, 2018Finder

      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

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