remortgage with
Aldermore
Remortgaging with Aldermore
Aldermore is a UK-based specialist bank, established in 2009 and part of the FirstRand Group. The lender offers a diverse range of specialized mortgage options tailored to various customer segments, such as self-employed individuals, first-time buyers, and later-life purchasers.
Additionally, Aldermore provides buy-to-let mortgages to landlords with different investment strategies. Aldermore offers a range of mortgage products designed to suit different borrower circumstances.
BMI Money is a mortgage broker, not a lender. We provide advice from a panel of lenders, which may include Aldermore where appropriate.
4 Steps to remortgaging with Aldermore
Follow these four simple steps to remortgage with Aldermore
1
Assess Your Needs
Determine your remortgaging goals, such as lowering your interest rate, consolidating debts, or unlocking equity. Consider Aldermore's specific products, like fixed-rate or variable options, and their associated benefits, which could include, depending on circumstances, free valuation or legal fee assistance for remortgage customers
2
Check Eligibility
Review Aldermore's criteria, including maximum loan-to-value (LTV) limits, affordability stress tests, and any credit history considerations. Some Aldermore products may be suitable for borrowers with more complex circumstances, although all applications are subject to status, affordability and lender criteria.
3
Apply Through an Intermediary
Submit your application through Aldermore's online system or via a mortgage advisor. Provide necessary documentation, such as proof of income, property details, and credit history
4
Complete the Legal and Valuation Process
Aldermore often includes free valuations and legal services as part of their remortgage products (depending on circumstances). After these are completed and approved, the remortgage is finalized, and you receive any applicable incentives, such as cashback
Who can Remortgage with Aldermore?
Aldermore mortgages are accessible to a wide array of applicants, although individuals with severely impaired credit may not be eligible for loans. When it comes to making lending decisions, Aldermore underwriters diligently familiarize themselves with each applicant’s unique circumstances, striving to simplify the process as much as possible.
Aldermore Remortgage Process
Aldermore provides a wide range of buy to let mortgages to landlords. The time it takes for an Aldermore mortgage to go through can vary, but Aldermore aims to provide decisions as quickly as possible, although timescales can vary depending on the application. Aldermore is regulated by both the Prudential Regulation Authority and the Financial Conduct Authority. Aldermore is part of the FirstRand Group and also offers residential mortgages for first-time homebuyers, those upgrading to a new home, or purchasing a property later in life.
Key Advantages to
Remortgaging
with Aldermore
Consider these four important benefits of remortgaging with Aldermore
Free Legal Fees and Valuation
Some remortgage products may include incentives such as legal services or a property valuation, which can help reduce upfront costs. These will depend on the product and your individual circumstances.
Competitive Fixed and Variable Rates
Aldermore offers a range of fixed and variable rate remortgage products, with different fees and features depending on the product selected and your circumstances.
Flexible Options for Credit Histories
Some Aldermore products may be suitable for borrowers with more complex circumstances, although all applications are subject to status, affordability and lender criteria.
Portfolio Management for Landlords
Aldermore offers remortgage products for landlords, including options that may be suitable for those managing multiple properties, depending on their circumstances and the lender’s criteria.
we can help with Aldermore
Why Remortgage via BMI Money?
Aldermore offers a range of remortgage products with different features depending on your circumstances. Some products may include incentives such as free legal support or valuations. These options may be suitable for a range of borrowers, including homeowners and landlords, depending on individual circumstances and lender criteria.
Get Started Today
BMI Money is a mortgage broker. We’ll take the time to understand your circumstances and help you explore suitable remortgage options from our panel of lenders, which may include Aldermore where appropriate.
