Aldermore’s commitment to specialist lending and to our intermediary partners sits at the heart of our business and its purpose. Our range of products is developed to support people that may otherwise struggle to get a mortgage with traditional lenders.
Whether your client is a landlord, first time buyer, self-employed or has experienced a credit blip in the past, we’re here to help. We look at each application on its own merit and if there's a way to make it happen, we'll try to find it.
Buy to let:
We can support landlords in a variety of ways, including:
- Lending to both SPVs and Trading Companies
- Allowing first-time landlords*
- No minimum income for experienced landlords*
- Allowing up to 6 directors/shareholders/applicants per application
We can also support landlords save time and money with our multi-property deal. Here, we can:
- Combine 2 to 30 properties on a single application
- Aggregate the LTV and rental income across the application
- Require only one Personal Guarantee per director per application
- Offer free valuations (excluding HMO/MUF properties)
Adverse credit histories:
- Three levels of adverse policy to support borrowers
- High LTV lending on Level 1 and 2
- CCJ’s and Defaults ignored up to a combined £300
- Cleared IVAs and current DMP’s considered*
Self-employed
We can support self-employed clients by:
- High LTV lending
- Considering 1 years’ worth of trading only*
- Using the latest year’s figures for affordability
- Working from salary and net profit
First time buyers
We are helping the first time buyer market by:
- High LTV lending, including on flats
- 5.5x income multiples where income is above £60,000
- Max 90% LTV for new build houses, 85% LTV for flats
- We accept 100% of sustainable overtime
*Conditions may apply, read our lending criteria guides for more information, or speak to your Relationship Manager.
Products from Aldermore can be accessed by using Next Intelligence as your payment route.