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Aldermore Mortgages

Aldermore Mortgages is a relatively new intermediary only lender for buy to let mortgages accessible on a semi exclusive basis through Mortgages for Business.

Aldermore Mortages targets experienced landlords who are unable to remortgage or find finance for new buy to let properties.

Aldermore Mortgages does not dual price and believes it should take less than five minutes to submit case details and receive a Decision in Principle. This 'DIP will only leave a soft footprint on your client's credit profile. Applications are assessed against set criteria and do not rely on credit scoring alone. If an application is a clear pass or fail, you will be informed immediately. If the outcome is unclear, an experienced underwriter will assess the application on its own merits.

Why transact with Aldermore Mortgages?

- Mortgages designed for credit worthy borrowers being penalised by automated credit scoring systems

- A team of experience and skilled underwriters

- A range of competitive buy to let products

- 2 year trackers available up to 75% LTV

- 2, 3, 4 & 5 year products available up to 75% LTV

- Transact your business directly through our mortgage club arrangement.

 

Precise Mortgages

Dedicated to the intermediary market, Precise Mortgages is available on a semi exclusive basis through Mortgages for Business.

Precise Mortgages assesses credit risk very carefully and will lend to high quality borrowers who may be finding it difficult to obtain a buy to let mortgage on the high street. Using only the intermediary market, Precise Mortgages avoids dual pricing and conflicting distribution strategies.

It operates to the highest possible standards and works to maintain quality processes and procedures ensuring that all potential borrowers receive a fair outcome.

Why transact with Precise Mortgages?

- A range of competitve buy to let mortgage deals

- 2 year trackers up to 75%

- Lifetime trackers up 75%

- Controlled solicitor and valuer panels

- Online systems for receivings offers, DIPs and case tracking via SMS or email

- Industry expertise through the mortgage lifecycle

- Transact your business directly through our Mortgage Club arrangement.

For more information contact us today.

Call: 0845 148 9238

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Mortgage Brokers

The above log in is only for the use of our Prestige Partnership Appointed Representatives.

Broker Business Q1 2012
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Broker Business Q1 2012

 

 

 

 

 

 

 

Broker Business Autumn 2011
 Broker Business Autumn 2011 Cover

 
 
 
 
 
 
 
 
 

Mortgage Brokers: How we can help

At Mortgages for Business we are experts in finding innovative funding solutions to the issues and challenges faced in both the commercial and buy to let mortgage markets. We are founder members of the National Association of Commercial Finance Brokers (NACFB) and have won numerous awards for specialising in buy to let and commercial mortgages. This year Mortgages for Business was awarded Best Specialist Adviser by What Mortgage Awards 2011.
 
We can help in a variety of ways:
 
·         Commercial mortgage packager
 
·         Buy to let mortgage sourcing: Mortgage Flow 
 
·         Appointed representatives network; MFB Prestige Partnership
 
 
Commercial Mortgage Packager
Like you, we are mortgage brokers, so we understand the issues you face in these challenging market conditions. The quality of our submissions and business volumes gives us significant powers to negotiate with lenders, allowing us to offer you market leading rates and terms.
Mortgages for Business can provide:
 
·         Whole of market access including limited distribution lenders
 
·         Preferential mortgage processing
 
·         Mortgage Technical Desk for help and advice in sourcing both
          commercial mortgages and complex buy to let mortgages
 
For more information on our commercial mortgage packager proposition contact us today:
 
Deal Placement Team: 0845 148 9238
Mortgage Technical Desk: 01732 471668
 
 
Buy to Let Mortgage Sourcing: Mortgage Flow
Designed by mortgage brokers for mortgage brokers, Mortgage Flow is the UK's most comprehensive buy to let sourcing tool in the market today. It contains an up to the minute screen based reference library of the best buy to let mortgages available and allows brokers to submit and track the progress of their cases online 24/7. Mortgage Flow has a number of powerful features and benefits including:
 
·         Comprehensive buy to let search availability criteria
 
·         Valuation and rent to interest (RTI) search criteria
 
·         Pre-population of application forms based on clients' existing data
 
·         Landlord portfolio management system
 
Mortgage Flow is constantly being enhanced from the feedback we receive from you, the mortgage broker, and this approach ensures that it is both comprehensive in scope and user friendly.
 
Contact us for FREE 14-DAY TRIAL on 0845 148 9238.
 
 
MFB Prestige Partnership for Appointed Representatives
Are you a high producing company or individual? Are you an AR who is fed up of being shackled in your business practices and provider relationships? Are you tired of being told that you can't use certain lenders for no good reason? Are you directly authorised and concerned about PI, compliance and systems? Do you wish you had access to a greater panel of protection providers? Are you tired of being restricted to just one General Insurance provider?
 
If you can answer "yes" to any of the above, then maybe it's time for you to think about changing network.
 
We are pleased to offer a solution to the current issues being faced by many buy to let mortgage brokers. The MFB Prestige Partnership for Appointed Representatives is a network that allows non FSA regulated mortgage brokers continued access to the whole of the buy to let mortgage market and could also provide a cost effective alternative for buy to let mortgage brokers who are either currently directly authorised by the FSA or are Appointed Representatives of another network.
 
When you join the MFB Prestige Partnership, we can eradicate the worry of Personal Indemnity, compliance and systems from your business life. We can also give you:
 
·         Access to the whole of market including limited distribution
          lender offerings
 
·         Access to a whole of market panel of protection providers
 
·         Access to transact with the General Insurance provider(s)
          of your choice
 
·         A business model that allows you to run your business your way 
          and lets you work whenever you choose
 
·         A website and email marketing facilities to help you communicate
          with your clients
 
For more information on joining our network contact:
 
Nick Blunt: 01732 471618

 

For further information on any of our service offerings please contact us on 0845 148 9238.



Paragon Mortgages

Paragon Mortgages is a specialist lender operating on a semi exclusive basis through Mortages for Business.

Focusing specifically on professional landlords and residential property developers, Paragon Mortgages returned to lender in September 2010 after an absence of more than 30 months.

During that time, it worked closely with Mortgages for Business redesigning loan stance and credit criteria to help ensure a selection of competitive products to suit the funding requirements of professional landlords and portfolio property investors.

Lending criteria:

- Borrowers with experience and clean credit history

- Will lend to individuals and limited companies

- Up to 75% LTV with stress test of 130% at 7%

- Will consider HMOs, multi unit blocks, flying freeholds, new build flats, studios and live-work spaces

- 5 years interest only is available

- Trackers up to 75%

 

Aldermore Commercial

Aldermore Commercial is a commercial mortgage lender available on a semi exclusive basis through Mortgages for Business.

Formed by the merger of Ruffler Bank Plc and Base Commercial in May 2009, it is the first British bank to be wholly owned by a private equity firm, AnaCap Financial Partners LLP.

Based on a traditional business model, raising deposits from consumers and lending to small and medium sized companies, Aldermore Commercial does not borrow from the wholesale market.

From head offices in Peterborough, a team of experienced underwriters provides a market leading service specialising in commercial mortgages and asset finance.

Lending criteria:

- Borrowers with experience and clean credit history; however, some adverse credit will be considered

- Will lend to individuals and limited companies

- For trading businesses debt cover to be x2 - based on net profit after drawings.

- On investment property a stress test of 130% at 7.5% with some management costs

- Will consider HMOs, multi unit blocks, offices, industrial units, modern factories and warehouses, retail units with or without living accommodation, commercial investment properties

- Maximum 70% LTV 

Call: 0845 148 9238

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