Best mortgage deals from Aldermore Bank
Whether you're an independent advisor, an existing customer or a first-time buyer, compare the best mortgage interest rates from Aldermore Bank with our comparison tool below. To see what rate you could be offered, create a free Tembo recommendation.
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Get a Mortgage In Principle
When you create a Tembo recommendation, you'll get a free, downloadable Mortgage In Principle for each of the schemes you could qualify for.
Already have a mortgage with Aldermore Bank?
Create your own free, personalised recommendation to see the best way for you to remortgage, including if you should stay with Aldermore or change to another provider.
What type of mortgages does Aldermore offer?
Aldermore Bank offers a range of specialist mortgages, with the aim of supporting those who need a more individual approach to lending. They offer mortgages for the self-employed, those with light adverse credit, as well as first-time buyers with low deposits or those who need a guarantor's help.
Please note, Aldermore is an intermediary mortgage lender, so you have to go through a broker like us to apply to their products. As with any provider, whether Aldermore is the best provider for you depends on your affordability and unique circumstances, what mortgage products you're eligible for, and what the market is currently like. Our award-winning team here at Tembo can help you navigate these factors to ensure you get the best mortgage deal for you.
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How much could I borrow from Aldermore?
Like most mortgage lenders, Aldermore Bank offers a range of mortgage products with different eligibility criteria. How much you could borrow for a mortgage depends on which products you're eligible for, your income and deposit, and other factors like your credit score, employment type, and outgoings. But typically you can borrow between 4-4.5 times your income, although some borrowers may be able to borrow more than this.
By creating a free Tembo recommendation, you can see what you could be offered for a mortgage by Aldermore and other providers without applying.
Can I make overpayments on an Aldermore mortgage?
Yes, you can make overpayments if you have an Aldermore mortgage, but restrictions are likely to apply. You can pay up to your annual allowance limit if you're still within your early repayment charge (ERC) period or make unlimited over payments if your ERC period has ended. You’ll find details of your overpayment allowance and when they’ll no longer apply in your original mortgage offer. Paying anything above the allotted amount could see you being hit by an Early Repayment Charge (ERC).
Aldermore Bank are a good choice for first-time buyers with affordability issues like low deposits, the self-employed or those with some credit issues. They have made a name for themselves for offering alternatives from traditional lenders, and not using a "one-size-fits-all" lending approach.
Andy Shead
Senior Mortgage Advisor at Tembo
Are Aldermore Bank a good mortgage lender?
Aldermore Bank pride themselves on being "fairer, more inclusive and making finance work for good". They are well-rated, scoring 4.6 out of 5 stars on Trustpilot from almost 5,000 reviews. Since being founded in 2009, they've also picked up various awards, including Best Commercial Lender for the second year running at the Bridging & Commercial Awards
Although Aldermore offers a decent range of specialist mortgages, they might not be the right fit for everyone. We can help you find the best mortgage deal for you from across the market, including niche options like family-assisted mortgages, shared ownership, and Islamic mortgages.
Does Aldermore Bank offer guarantor mortgages?
No, Aldermore does not offer guarantor mortgages, although they do accept gifted deposits. So your family member could give you a non-refundable cash gift to help boost your deposit size, or use a Deposit Boost to unlock money from their home.
It can be difficult to know which lenders offer guarantor mortgages and which one is best for you and your family, as this depends on your unique affordability and what schemes you're eligible for. Working with a mortgage broker like Tembo who specialises in family-assisted mortgages can help you navigate lenders' different eligibility criteria and find the best deal for you from across the market.
Looking for a new mortgage?
First home
Unsure which mortgage deal to go for? Buying your first home can be confusing and overwhelming. Get help from the experts.
Remortgage
Coming to the end of your current deal? Remortgage onto a new one with our help. We'll show you whether you should stay with the same lender, or switch.
Moving home
Upsizing to your forever home? Or maybe you're downsizing to something more manageable. Whatever your reason for moving, we can help you find the best deal for you.
Buy to Let
Thinking of becoming a landlord? We can help you discover the best buy to let mortgage deal for you and how you could boost your mortgage affordability.
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The application process
4 simple steps to buying your first home or remortgaging
Make a Tembo plan
Check your eligibility for a range of mortgages and buying schemes, and get a personalised recommendation with interest rates and repayments in under 10-minutes.
Talk to an expert
Book a call with our experts to complete the qualification process, and we’ll cover off any questions you might have about any of the mortgage deals and budget-boosting schemes we advise on.
Apply for your new deal
Next, your dedicated advisor will undertake full affordability checks to prepare the mortgage application. Then we’ll submit it on your behalf!
Make home happen
Your Tembo advisor will be on hand to ensure everything runs smoothly, so you can move onto your new deal as quickly as possible.
