Aldermore Mortgages

Aldermore Mortgages: Tailored Lending Solutions

Aldermore is a specialist lender that prides itself on offering flexible mortgage solutions for those who may not fit the traditional lending criteria.

With a commitment to understanding the unique circumstances of each borrower, Aldermore provides a range of products that cater to a wide spectrum of clients, including first-time buyers, self-employed individuals, and seasoned property investors.

At Kerr & Watson, we can arrange a mortgage from the whole of the market including Aldermore to bring you the best possible mortgage options tailored to your specific needs.

Why do people consider Aldermore Mortgages?

Specialist Lending Expertise

Aldermore is renowned for its specialist lending approach, particularly for clients with complex financial situations. Whether you have a non-standard income, are self-employed, or have experienced credit challenges, Aldermore offers mortgage products designed to accommodate your unique circumstances. Kerr & Watson can help you navigate these options, ensuring you find a mortgage solution that works for you.

Personalised Mortgage Solutions

At Aldermore, every mortgage application is assessed on its own merits, allowing for a more personalised approach to lending. This flexibility means that Aldermore can often say “yes” when other lenders might say “no.” With the support of Kerr & Watson, you can take full advantage of Aldermore’s bespoke lending criteria to secure the best possible deal.

Support for a Wide Range of Borrowers

Aldermore’s products are designed to support a variety of borrowers, from first-time buyers to experienced landlords. Whether you’re looking to purchase your first home, refinance an existing property, or expand your buy-to-let portfolio, Aldermore has a mortgage solution for you. Kerr & Watson will work closely with you to understand your goals and match you with the right product.

Commitment to Service

Both Aldermore and Kerr & Watson are committed to providing exceptional service throughout your mortgage journey. Aldermore’s team of dedicated underwriters, combined with the expertise of Kerr & Watson, ensures that you receive a smooth and efficient experience, from your initial consultation to the completion of your mortgage.

Product Highlights

Residential Mortgages

Flexible products for first-time buyers, home movers, and those looking to remortgage, particularly suited to clients with non-standard incomes.

Buy-to-Let Mortgages

Comprehensive options for individual landlords and limited companies, with products designed to accommodate complex financial backgrounds.

Specialist Mortgages

Products tailored for self-employed individuals, those with credit history issues, or clients with unique financial circumstances.

Remortgaging or Switching Rates with Aldermore: What to Consider

If you’re an existing customer with Aldermore and your current mortgage rate is nearing its end, it’s important to explore your options for remortgaging or switching rates. Aldermore may offer you a product transfer, allowing you to move to a new rate without changing lenders. However, as Aldermore specialises in providing mortgages to customers who may not qualify with mainstream lenders, their rates are generally higher.

Before deciding to switch your rate with Aldermore, it’s wise to consult an independent mortgage adviser. They can review all the mortgage products available on the market, potentially finding a more competitive rate that suits your financial situation better.

When it comes to switching your mortgage with Aldermore, you have the option to do so up to 17 weeks before your current rate or early repayment charge period ends. If you’re on a variable rate, you can switch at any time. While Aldermore will usually contact you about four months before your current rate expires with details of new available rates, it’s important to remember that if you switch directly through them, you’ll need to select a mortgage without receiving advice or recommendations.

To ensure you make the best decision for your circumstances, consider seeking advice from a mortgage broker who can provide tailored recommendations and help you navigate the process.

Why Contact Kerr & Watson?

Choosing the right mortgage can be complex, especially if your financial situation is unique. At Kerr & Watson, we specialise in connecting you with the right lenders, like Aldermore, who understand your needs. Our team of advisers will guide you through the process, ensuring that you receive a mortgage solution that’s tailored specifically to you.

Get in Touch

Don’t let traditional lending criteria stand in your way. Speak to an adviser at Kerr & Watson today to explore your mortgage options with Aldermore.

We’re here to help you secure the best mortgage deal, no matter your circumstances. Contact us now to arrange a consultation.

The information on this page is not tailored to any individual readers and should not be considered financial advice under any circumstances.

If you are seeking advice about a mortgage, you should speak with a qualified advisor.

Your Mortgage In 3 Easy Steps…

Conversation

Schedule a call to talk to a mortgage advisor about your goals, challenges and vision for your mortgage.

Alternatively give us a call on 01252 224620 or email us on info@kerrandwatson.co.uk.

Research

We will take the information gained on the call and carry out some research before sending you a bespoke recommendation.

If you would like an agreement in principle, we’ll also arrange this for you.

Application

We will submit the full application to the mortgage lender, sending them the documents and liaising with the underwriters until the mortgage has been fully offered on the new interest rate.

We will also communicate with you at every stage, from application to completion.

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Kerr & Watson | Address: Pembroke House, 8 St Christophers Pl, Farnborough GU14 0NH, UK | Phone: 01252 224620 | Email: info@kerrandwatson.co.uk | Hours: Mon-Fri 9:00–17:30

Frequently Asked Questions

▸ ▾ What does a mortgage advisor do?

A mortgage advisor evaluates your income, outgoings, credit history, and other financial commitments. They also assess property-related details, whether you’re buying or refinancing, ensuring you understand the best mortgage options for your situation. They also process the mortgage application to the lender, working with them to obtain a mortgage offer, then work with the conveyancer towards the completion of your purchase or remortgage.

▸ ▾ How does a mortgage advisor enhance the likelihood of mortgage approval?

A mortgage advisor increases your chances of mortgage approval by matching you with the most appropriate lenders, optimising your application, and navigating complex lending criteria to find the best value deal for your circumstances.

▸ ▾ What are the financial benefits of working with a mortgage advisor?

Working with a mortgage advisor can save you from costly mistakes such as choosing the wrong mortgage type or failing to meet a lender’s criteria. Their expertise often leads to securing more favourable mortgage terms and rates.

▸ ▾ Can a mortgage broker get you a better rate?

Often, a mortgage broker can find more cost-effective deals for you, even when their fees are considered, they can review the whole market and access exclusive broker only products that may not be available directly to the public.

▸ ▾ What steps should you take before speaking to a mortgage advisor?

Before speaking with a mortgage advisor, gather all relevant financial documents, including payslips, bank statements, and details of your credit history to ensure an accurate assessment of your situation.

▸ ▾ What range of financial history do mortgage advisors examine?

Mortgage advisors and lenders typically assess the last six years of your credit history to gauge your financial behaviour, this includes any missed payments or defaults.

▸ ▾ How long does it take a mortgage advisor to get a mortgage offer?

The process from application to approval of a mortgage can vary, normally this is anywhere from two to six weeks depending on the mortgage lender and the complexity of your situation.

▸ ▾ Do mortgage advisors have access to exclusive mortgage rates?

Yes, mortgage advisors often have whole-of-market access, which allows them to secure competitive rates, sometimes not directly available to consumers.

▸ ▾ What documents do mortgage advisors typically require?

Advisors typically need proof of identity, proof of address, 3 months payslips, tax calculations or accounts, bank statements, and potentially credit report to fully assess your financial situation.

▸ ▾ What are the advantages of using a mortgage broker rather than going direct to your bank?

A mortgage broker can provide whole of market advice by comparing offers from multiple lenders, potentially securing better rates and terms than a single bank’s offerings.

▸ ▾ Who are the Financial Conduct Authority?

The Financial Conduct Authority (FCA) regulates mortgage brokers and lenders to ensure they adhere to ethical and professional standards.

▸ ▾ How do you know if your mortgage advisor is qualified?

A qualified mortgage advisor should have a Certificate in Mortgage Advice and Practice (CeMAP) or equivalent, which is recognised by the Financial Conduct Authority (FCA). They should also be listed on the Financial Services Register, ensuring they are authorised to give mortgage advice.

▸ ▾ How can you get a free credit report?

Lenders look closely at your credit score to decide how risky it is to lend to you. A good credit score can not only boost your chances of getting approved for a mortgage but might also get you better interest rates.

CheckMyFile offer a 30-day free trial after which a subscription fee applies, which can be cancelled any time.

CheckMyFile is a UK credit reporting service that collates information from the most popular credit referencing agencies, Equifax, Experian & TransUnion.