Aldermore Mortgages??

greybear40

An update on our remortgage situation. Well our mortgage advisor has not been able to place us on the high street which I expected to be fair with my partner being an ex bankrupt and me with my AP markers that Studio just won't remove but he has found a lender (Aldermore) who is willing to let us remortgage with them. We have the added complication of having a timber framed (brick clad) property too which limited our choice to be honest. My only concern is Aldermore are saying subject to valuation/surveyors report which we have to pay for and if they are not happy with the property then that is money down the drain but really need to get my exes name off the house as we have been divorced for years and this is the only thing still linking us! So now I have a few more weeks worrying that the valuer won't like our property!! Has anyone on here had any dealings with Aldermore at all? Any advice/reassurance would be much appreciated

christologymum

Watching with interest as we are currently waiting for our mortgage offer to come through. Its in a que apparently, survey came back ok etc. Keeping everything crossed.

amnblog

be careful - Aldermore do not take ex bankrupts unless you have been satisfied for 6 years.

ACG

I use Aldermore a fair bit. The valuation is out of their hands and down to the surveyor but they are not a bad lender to deal with.

Mortgage_Mark_2

If Aldermore would take the application as a discharged bankrupt, then I'm pretty certain that there would be other, probably more cost effective, lenders that would also?

Jellylegs11

christologymum wrote: »

Watching with interest as we are currently waiting for our mortgage offer to come through. Its in a que apparently, survey came back ok etc. Keeping everything crossed.

So are we christologymum, now on 3 week wait.

greybear40

He was made bankrupt in June 2008 so it has been over 6 years and has now dropped off his credit file. His file is now perfect. Mine has years of AP markers until Jan this year from 2 Studio accounts that I didn't realise were affecting my credit score so badly. Took it to FOS but they ruled in Studio's favour even though if they had defaulted in 2004 when all my accounts did when i split from my ex husband they would be long gone. Think this is why we can't get on the high street. Not sure whether we continue trying to get our remortgage if Aldermore say no after the valuation as Mortgage Advisor says there is no one he can try after them. Have also heard that they don't like ex council properties and our property originally was a Housing Association Property. Any advice on what to do next if it doesn't happen would be great. Thanks guys

Mortgage_Mark_2

greybear40 wrote: »

He was made bankrupt in June 2008 so it has been over 6 years and has now dropped off his credit file. His file is now perfect. Mine has years of AP markers until Jan this year from 2 Studio accounts that I didn't realise were affecting my credit score so badly. Took it to FOS but they ruled in Studio's favour even though if they had defaulted in 2004 when all my accounts did when i split from my ex husband they would be long gone. Think this is why we can't get on the high street. Not sure whether we continue trying to get our remortgage if Aldermore say no after the valuation as Mortgage Advisor says there is no one he can try after them. Have also heard that they don't like ex council properties and our property originally was a Housing Association Property. Any advice on what to do next if it doesn't happen would be great. Thanks guys

Bankruptcy can be visible on a credit file for 10 years from discharge, not always six; and is always visible when the solicitor performs a bankruptcy check, make sure you aren't shafting yourself.

amnblog

Aldermore's criteria is 'satisfied for 6 years' so the Bankruptcy should not be a barrier in itself.

Make sure you have the certificate of satisfaction to hand in case it is needed.

Mortgage_Mark_2

amnblog wrote: »

Aldermore's criteria is 'satisfied for 6 years' so the Bankruptcy should not be a barrier in itself.

Make sure you have the certificate of satisfaction to hand in case it is needed.

If he was made bankrupt in June 2008, there's no way it will have already been satisfied for 6yrs...

amnblog

Missed that Mark - made in 2008 not settled - you are correct.

They risk therefore is that the solicitor will report the bankruptcy back to Aldermore and they will pull the offer.

The OP should speak to their mortgage broker.