Aldermore announced some product changes. See below for more information. For information on their current products and criteria call our team or click here. REMEMBER, you can access the Aldermore range using our Direct to Lender mortgage club so do contact us for further information. For any Documents Click here. Calculators Click Here.
Unlock more for clients with non-traditional income
We now offer flexible mortgage products designed for a wide range of contractors, including CIS and zero-hours clients. Giving you more options to place cases confidently.
CIS workers
We can support your CIS clients by accepting 12 months on the CIS scheme, or two years’ relevant experience if they have less than 12 months on the CIS scheme.
Zero-hours workers
For zero-hours contractors, we assess affordability over 52 weeks, taking into account the nature of their contracts to give a more accurate view. For non-professional roles, we’ll consider applicants with two years of continuous employment at the same company, and one year for professional roles.
High loan to income options
Our product range includes lending up to 95% LTV and up to 6x loan-to-income, giving you the tools to help more self-employed and contractor clients achieve their homeownership goals.
Use our calculator to see how much your client could borrow.
Flexible income assessment
We also take a manual approach to income assessment, considering dividends, profit share and other sources that traditional lenders might overlook. This allows us to offer a wider range of options for self-employed customers that want to be assessed for affordability based on their gross annual income.
Search our lending criteria to find out more.
We also accept fixed term contractors, umbrella company workers, and sole trader/limited company workers on a contractor basis.
If you’ve got clients who don’t fit the standard mould, we’d love to help.