Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.
Compare Aldermore Mortgage Rates & Fees
Aldermore offer a personal service to help you find the right mortgage deal for you.
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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.
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
- Remortgages
- Variable rate
- Tracker
- 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.
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.
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
The finder.com mortgage service is provided by London & Country Mortgages (L&C). Beazer House, Lower Bristol Road, Bath BA2 3BA.
L&C are authorised and regulated by the Financial Conduct Authority (reg no. 143002). Please note the FCA does not regulate most Buy to Let mortgages.
L&C are authorised and regulated by the Financial Conduct Authority (reg no. 143002). Please note the FCA does not regulate most Buy to Let mortgages.
Find a mortgage using a broker to compare the market
Mojo Mortgages
The Mojo mortgage calculator compares rates in less than 1 minute. A free online mortgage broker.
Habito
Save £1,000s on your mortgage. Applying is quick & easy with Habito. Get a quote online in minutes.
L&C
The UK's largest fee-free mortgage broker & adviser. No hidden costs. L&C compares rates from over 80 lenders.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.
Ask an Expert
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