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Aldermore and 118-118 loan

Hi,

we are currently in process of a mortgage application with Aldermore. We have DIP and full application was submitted.

Has anyone previously had a 118-118 loan and applied to Aldermore?

ive contacted 118-118 and Experian and both confirm this isn’t a payday loan. 

Comments

  • Hi ya, hopefully you will be ok.  Not to dishearten you, but we were declined by Aldermore on a loan we had with Mr lender.  It was a 3 year non-payday loan.  but they said coz the interest was over a certain percentage, they classed it as that and declined us - BUT our is still active and cant pay it off til we move. so the fact that you dont have this and its settled should be ok - dont lose hope - we all get there in the end!
    Looking to remortgage December 2022 onto a better rate!
  • What’s your interest on mr lender? Mine for 118118 was 37.67%
  • mine is 42.8
    Looking to remortgage December 2022 onto a better rate!
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