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

Mortgage Technical Help Desk

To compliment our market leading broker tool, Mortgage Flow, we also offer access to our vastly experienced Mortgage Technical Help Desk.

The Mortgage Technical Help Desk ensures that Mortgage Flow is kept up to date and has the knowledge and experience to assist in finding potential lenders for all of your client’s funding requirements.

If you have a more difficult to place case please complete the deal placement enquiry form and email to dealplacement@mortgagesforbusiness.co.uk or contact the team 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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What Mortgage 2011

ANY PROPERTY USED AS SECURITY, WHICH MAY INCLUDE YOUR HOME, MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

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