Aldermore mortgages review
Aldermore offers a personal service to help you find the right mortgage deal with up to 95% LTV.
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.
We've teamed up with L&C Mortgages to help you compare live rates from over 80 lenders.
I want to...
We compare brands including:
Think carefully before securing debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.
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.
More resources on Finder
More guides on Finder
-
Can you pay money into your bank account at the Post Office?
Discover who can pay money in at the Post Office, how you do this and whether your bank is supported at Post Office Everyday Banking.
-
Zopa current account review
This new account comes with cashback on direct debits, interest on the balance in your account and a regular saver with one of the best rates in the market.
-
HSBC Global Money Account review
Hold, send and manage multiple currencies with this digital account from HSBC.
-
Premium Bond alternatives
Could an alternative prize draw savings account work for you?
-
How to buy Bluesky shares when it goes public
Everything we know about the Bluesky IPO, plus information on how to buy shares.
-
Easiest and quickest bank accounts to open
Choose carefully and your bank account will be up and running the same day.
-
How much can you withdraw from an ATM?
Check out your options for withdrawing cash from an ATM and the alternatives.
-
Banking apps with savings pots
Find out which banking apps offer savings pots to help you budget.
-
How long does a bank transfer take?
Need to send a payment fast? Find out how long it might take.
-
Cashback explained: What it is and how it works
Learn more about the best ways to earn cashback and what to watch out for.
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