Aldermore offer Buy to Let for customers with light adverse credit

Since the credit crunch it has been extremely difficult for anyone without a perfect credit history to obtain a Buy to Let mortgage. Mainstream lenders have not been interested in entertaining any mortgage arrears, CCJs or defaults until now.

Aldermore have changed their Buy to Let criteria  allowing a mortgage to be considered for customers who have had:

• 1 or 2 missed mortgage payments over 12 months
• CCJs and Defaults registered over 3 years ago
• Missed unsecured credit payments such as credit cards, mobile phone, loans etc

In recent years most options open to Buy to Let customers with any adverse credit would have cost 8-10% and even up to 15% for more serious cases.

This is obviously a very clever attempt to capture market share in a niche area, but really does help a lot of investors who have had a blip and are still a good risk

The Aldermore Product range starts from:

• 3.98% for a 2 year fixed fee 2.5% at max 75% LTV
• up to 4.98% with £1,999 fees for their 80% LTV products.

Aldermore Criteria includes:

• No minimum income for experienced Landlords or £25,000 min for First time Landlords
• Min Value of a property £75,000
• No DSS tenants
• Max 5 properties with Aldermore

You can get a full quote on our Buy to Let mortgage sourcing Calculator if you wish (CLICK HERE)

Or if you need any help with a Buy to Let application

Email: [email protected]

Tel: 01603 489118

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