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

Welcome

Welcome to the Mortgage Brokers' section, an area for the exclusive use of Appointed Representatives. From here you should be able to access all the information and support you should need to transact business as an Appointed Representative.

Latest partner news

Funding for HMOs, Freehold Conversions & Limited Companies now available with MFB

We are pleased to announce that Mortgages for Business now has access to semi-exclusive funding for HMOs, Freehold Conversions and Limited Companies available from new Commercial lender, Aldermore Bank Plc. We have been specially selected onto the Aldermore panel and such funding lines will not be available outside of this small panel of brokers. Funding is limited so call now!

Latest lender news

Buy to Let funding for Irish Nationals

We have access to lenders who will consider Irish Nationals Buy to Let applications up to 70% loan to value! Each application will be considered on a case by case scenario, assessed on affordability and the client will need to provide evidence of income. In some cases overseas investors can receive better rates than UK investors!

  • default Having trouble placing a case?

    11/02/2008

     

    Telephone our technical helpdesk 0845 148 9238

  • default Earn more with Residential Referrals

    21/04/2009

    As a valued introducer of Mortgages for Business you'll have access to a qualified and regulated independent mortgage broker. By referring those clients who are interested in a mortgage for their own personal home you can earn more commission without the hassle of the usual regulatory issues and client chasing.
  • default CML responds to Bank Lending Survey

    21/04/2009

    The CML welcomed publication of the new Trends in Lending report by the Bank of England, which highlights the need for measures in tomorrow's Budget to enhance lending activity by encouraging all types of firms to commit more funds to the mortgage market.

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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