Aldermore Remortgage Rates 2026

Aldermore's tiered remortgage rate card

Aldermore's residential remortgage is structured in three tiers based on credit profile. Level 1 is for applicants with clean credit (no defaults, CCJs or missed payments in the last 3 years). Level 2 allows one default or CCJ under £1,000 more than 18 months ago. Level 3 allows up to 3 defaults or CCJs in the last 3 years, with the most recent at least 12 months old. Level 1 pricing at 60% LTV: 4.49% (2-year fix, £999 fee), 4.39% (5-year fix, £999 fee). At 75% LTV: 4.59% / 4.49%. At 85% LTV: 4.79% / 4.69%. Level 2 adds 0.25%, so 60% LTV 5-year fixed becomes 4.64%. Level 3 adds 0.50%, bringing the same tier to 4.89%. For context: at 60% LTV, Halifax's clean-credit rate is 4.04% and Aldermore Level 1 is 4.39% — a 0.35% premium for the specialist lender. But if you've got a 2-year-old default you'd be declined by Halifax entirely, and Aldermore Level 2 at 4.64% is essentially your only mainstream option. Aldermore also prices contractor-specific products (day rate x 5 x 46 methodology), self-employed 1-year products, and expat-returned products (returning to UK within last 12 months) as separate rate cards, typically 0.20–0.40% above Level 1.

Who Aldermore serves: the specialist case landscape

Aldermore's bread and butter is residential remortgage cases where high-street banks say no. Four groups particularly benefit. **Recent credit blips**: A default on a phone contract 2 years ago, a CCJ satisfied 18 months ago, or a recently-resolved IVA (in most cases 3 years after discharge) — all of these will typically be Halifax or Nationwide declines but Aldermore Level 2 or 3 approvals, subject to affordability. **Self-employed with 1 year**: Aldermore will lend to self-employed applicants with just 1 year of trading history if income is clearly sustainable — contrast with most mainstream lenders who need 2 years. **Contractor specialists**: Day-rate contractors, particularly in IT and consulting, can access bespoke contractor terms at Aldermore that reflect the reality of contract income rather than forcing them into self-employed boxes. **Complex buy-to-let**: Portfolio landlords with 4+ BTL mortgages, holiday-let investors, HMOs of up to 6 bedrooms, limited company SPVs — Aldermore serves all these via its BTL arm. What Aldermore isn't: a cheap option. If your case is mainstream, you're paying 0.30–0.50% more than you need to. Aldermore is a specialist for cases that would otherwise be declined.

Fees, free legals and true cost analysis

Aldermore's arrangement fee is £999 on most residential products, with some higher-risk tiers charging £1,999 or 1% of loan. There's a £40 CHAPS fee, £90 booking fee, no exit fee. Aldermore does not offer free legal work on most products — you'll need your own conveyancer, typically £400–£600. Physical valuation is required (no AVM) and costs £310–£995 depending on property value. Overpayment allowance is 10% of outstanding balance per calendar year. Early repayment charges on 5-year fixes follow 5/4/3/2/1 pattern. Porting is allowed with underwriter review. On a £200,000 Level 1 remortgage at 60% LTV over 5 years, Aldermore's 4.39% rate with £999 fee, £500 legal costs, and £500 valuation comes to approximately £54,500 total cost — around £2,000 more than Halifax. On a Level 2 remortgage at 4.64%, total cost is £55,800. This premium is the genuine price of accessing specialist credit. For borrowers who would otherwise be on an SVR at 7.99% or blocked from remortgaging entirely, Aldermore's 4.64% is a massive saving — £8,000+ per year versus SVR — and the premium over Halifax becomes irrelevant.

Aldermore's criteria nuances brokers actually use

Aldermore's underwriting is genuine — real humans reviewing each case — rather than pure scorecard-driven approval. This is both slower and more flexible than high-street automation. Three criteria quirks matter. **Default treatment**: Aldermore cares about the reason for the default and the subsequent behaviour, not just the count. A single default on a phone contract from 2 years ago, satisfied promptly, with otherwise clean credit, is often Level 1 eligible. A pattern of repeated late payments even without defaults may push a case to Level 2. **DMP and IVA treatment**: Aldermore will consider borrowers 3 years after an IVA completes (not starts), and will consider borrowers with an active debt management plan provided at least 12 months of full, on-time payments have been made. **Contractor definition**: Aldermore defines a contractor as someone with a fixed-term contract for defined services, and specifically doesn't require limited-company structure — sole-trader contractors, umbrella-company contractors and LTD contractors are all accepted. **Income maximum**: Aldermore's maximum income multiple is 4.49x gross, which is conservative. Specialist lenders generally don't stretch affordability — they open the credit door, not the affordability door.

When to use Aldermore for your remortgage

Aldermore is the right remortgage lender if: you have a default, CCJ, DMP or IVA on your file in the last 3 years, you're self-employed with only 1 year of trading, you're a day-rate contractor, you're a portfolio landlord with 4+ BTL properties, or you've been declined elsewhere and need to get off SVR. Aldermore is not the right lender if: your credit is clean and your income is straightforward PAYE (the rate premium of 0.30–0.50% costs you £1,500–£3,000 over 5 years on a £200k loan for no benefit), you want the absolute cheapest rate available, or your case is a specialist niche like expat-currently-abroad (Nottingham BS is better) or Welsh agricultural (Principality is better). Verdict for April 2026: Aldermore is a borrower's best friend when the high street says no. The rate premium is the cost of access, not a penalty. For clean, straightforward cases, mainstream lenders are cheaper and faster. For complex cases where you'd otherwise pay SVR at 7.99%+, Aldermore's 4.64% Level 2 rate is transformative — £6,700+ savings per year on a £200k loan. Always use a specialist broker — Aldermore is broker-only and requires proper case packaging.