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Aldermore begins lending to borrowers with CCJs, defaults, arrears and bankruptcies

  • 23/04/2018
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Aldermore begins lending to borrowers with CCJs, defaults, arrears and bankruptcies
Aldermore is expanding its lending criteria to include those with recent county court judgments (CCJs), defaults or mortgage or secured loan arrears.

The lender is introducing two new tiers of products to support customers with these and other credit issues such as bankruptcy or possessions.

Aldermore will now consider borrowers with:

  • CCJs or defaults registered over six months ago;
  • Bankruptcy or Individual Voluntary Arrangement (IVA) discharged for two years;
  • Mortgage or secured loan arrears over three months ago;
  • Forced or voluntary possessions older than three years.


The deals are available up to 80% loan to value (LTV) and come with a £999 product fee.

Standard Mortgage Range Level 2, at up to 80% LTV includes: two-year fixed rate from 3.98%; three-year fixed rate from 4.08%; and five-year fixed rate from 4.18%.

Standard Mortgage Range Level 3, at up to 75% LTV includes: two-year fixed rate from 4.48%, three-year fixed rate from 4.58%, and five-year fixed rate from 4.68%.

Aldermore commercial director, mortgages Charles McDowell, said the lender wanted to support those people with small credit issues.

“We understand that people’s situations can be complex but we are passionate about supporting the nation’s homeowners.

“We have worked closely with our intermediary partners to design a process that makes the journey of using our tiered products as simple and straightforward as possible for both the broker and the borrower,” he added.

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