Let s work together. Intermediary product guide.

Transcription

1 Let s work together Intermediary product guide.

2 Launched in 2009, Aldermore champions Britain s businesses. We offer straightforward banking products and services to small and medium-sized businesses and individuals, which are underpinned by our focus on providing exceptional levels of service and support. Our simple, transparent banking model and legacy-free infrastructure make us confident that we offer something different to the traditional financial services organisations. We aim to provide services that our customers can trust, and invest the money that we take as deposits from Britain s savers back into the British economy, by lending it to the nation s businesses and homeowners. If you d like to find out how Aldermore can help you and your clients, have a look through this product guide. If you need further information, or would like to make an application, simply visit: w: aldermore.co.uk

3 Asset Finance We have advanced over 2bn to support UK SMEs. We work with an approved network specialist Commercial and Agricultural finance brokers to help and enable small and medium-sized UK businesses invest in capital equipment. We strive to be considered funder of first choice by our brokers, delivering a market leading service, the Aldermore team work closely with our brokers to ensure their customers receive the finance solutions they need to fund the assets they require. We fund a diverse range of assets in addition to the more traditional hard assets - some of which you may not have thought possible. From biomass boilers and solar panels to gym equipment and office furniture, across a number of market sectors including, agriculture, transportation, construction and materials handling, with deals ranging from 5k to over 1m. In addition we also fund short term working capital for VAT and tax for professions. As an approved broker with us you have access to our full range of asset finance products including: Hire Purchase, Finance Lease, Operating Leases, Residual Value Financing, Loans and Stock Financing, together with our online pricing and proposal tool App+. App+ enables you to price quotes and submit your proposals via smartphone, tablet or from the comfort of your office. Why work with Aldermore? We recognise that we are an extension of the service you deliver to your customers and so we take a very personal approach to our partnerships with brokers. You ll find our dedicated experts to be friendly and easy to deal with, and our finance products and documentation to be straightforward supported by our market leading service. For further information on our Asset Finance services, or to make an application, contact our team: t:

4 Invoice Finance Let s get cash flowing. Fast and flexible funding solutions for SMEs. As one of the UK s largest Invoice Finance companies, we ve got experience in developing products and services to help your clients. In turn they ll benefit from high quality, tailored cash flow funding solutions that include Invoice Discounting (disclosed and confidential) and Factoring. What s more, you ll benefit from our commitment to working in partnership with you, with the option to receive competitive commission. We re flexible enough to provide Invoice Finance for businesses across a wide range of business sectors, from start-ups to well established companies. Unlike other organisations, our funding lines are under our direct control. They re not restricted or liable to unexpected change so your clients can use our business Invoice Finance products with confidence. Our product range: Factoring Invoice Discounting Construction Finance Trade Finance Bad Debt Protection Fuel Cards With Aldermore your clients get: A quick response we ll aim to contact your client the same day you introduce us, to get things moving Access to funding specialists with a refreshingly straightforward and flexible approach A package designed around their business that s easy to understand and clearly priced A fast and transparent application process with 99% of credit decisions in 48 hours and an approval rate of 90% A bank with exceptional service rated 4.7 out of 5 by customers on our unedited website reviews Information correct as at 28 May For further information on our Invoice Finance services contact your local team: t: w: aldermore.co.uk/intermediaries/invoice-finance

5 Savings Straightforward savings accounts. For great returns, effortlessly. Our savings accounts offer competitive rates of interest with no tricks, gimmicks, bonuses or introductory offers to keep an eye on. After all, you wouldn t offer anything to your clients that you don t believe in yourself. Take a look at our range of award winning Business Savings accounts: Easy Access Flexibility to pay money in or withdraw at any time, with no restrictions or charges. Fixed Rate Our 6 month and 1 year terms offer a guaranteed fixed rate for the term of the account, giving businesses peace of mind over the interest they ll earn. Customised Fixed Rate Account The Business Savings account that works on your clients terms. This product maximises the return on savings by letting your client choose the term that suits their business needs, from 60 days to 5 years. So, they can earn a fixed rate of interest, safe in the knowledge that it ll be available on the exact date when they want their money back. It s perfect for any business. All our accounts include: Fast and simple online account opening in less than 15 minutes No endless meetings, checks or paper application forms Consistently competitive rates of interest A minimum opening balance of just 1,000 No fees or charges for day to day services 24/7 online account management Expert telephone support through our dedicated team based in the UK No requirement for you to change your current account provider For more information about our Business Savings Accounts, contact our team: t: w: aldermore.co.uk/business/business-savings We also have a range of personal savings accounts. To find out more, visit: aldermore.co.uk/personal/savings-accounts

6 Residential Mortgages We work differently to other mortgage lenders. We individually underwrite every application, offering mortgages to your clients based on their credit worthiness, not their credit score. We provide mortgages for first-time buyers, those looking to move up or down the property ladder, the self-employed, those on variable incomes as well as those wanting to remortgage. We understand that all applications are different We consider all the facts taking individual circumstances into account We don t use tick box underwriting so we won t automatically reject applicants with recent job moves or multiple income streams, or those who are self-employed with little credit history We will consider occasional missed payments on credit cards, mobile phones and other unsecured credit Applicants don t have to tick all the boxes. We can accept people who: Are not yet on the electoral roll because they have recently moved home Have recently changed their job Have satisfactorily resolved minor historic credit issues Are self-employed with income generated via multiple sources Are self-employed and disadvantaged by credit scoring systems favouring salaried applicants Are currently living in rented accommodation, because they have sold their previous house For more information on our Residential Mortgages, contact our team: t: w: aldermore.co.uk/intermediaries

7 First Time Buyer Mortgages Helping first-time buyers get the leg up they need. We ll be there to support you in giving your clients the mortgage they need to take the first steps onto the property ladder. Family Guarantee Mortgage We offer a 100% mortgage which needs no deposit via our Family Guarantee Mortgage. It s designed for first or second-time buyers who have little or no deposit, but have a parent, step-parent or grandparent able to provide a guarantee secured against their own property. All that we ask is that the applicant must be able to afford repayments on the full 100% mortgage and have a clean credit profile. Available up to 100% LTV, subject to guarantee Guarantee secured against the guarantor s own residential property, requiring no up-front cash in the form of a gifted deposit The amount of guarantee is capped Minimum age of applicant is 21 years Maximum age of guarantor is 70 years at the end of 10 year guarantee period Help to Buy schemes Aldermore is proud to be part of the Government s Help to Buy schemes, designed to help those with at least a 5% deposit to purchase their new home. To be eligible for the Help to Buy: mortgage guarantee scheme: It must be your client s main residence and only dwelling (they don t intend to rent it out) They must take out their mortgage on a repayment basis (not interest only) Maximum loan size is 400,000 To be eligible for the Help to Buy: equity loan scheme: Minimum deposit of 5% of the property s value required the Government provides an equity loan of up to 20% of the property value and we will provide a mortgage for the remaining amount Available to customers purchasing a new build property in England only (via participating builders) It must be your client s main residence and only dwelling (they don t intend to rent it out) They must take out their mortgage on a repayment basis (not interest only) Maximum loan size is 450,000 For more information on our First Time Buyer Mortgages, contact our team: t: w: aldermore.co.uk/intermediaries

8 Buy-to-let Mortgages From first-timers to property experts, our Buy-to-let Mortgages suit all kinds of landlords. Interest Only Mortgages Got a client with bigger financial plans? Our Interest Only Mortgages could be right up their street. Our people are experts in buy-to-let mortgages. We have no portfolio limits and cater for all types of landlord, whether their needs are simple or complex. We offer a full range of variable and fixed buy-to-let mortgages up to 80% loan to value. Your client will benefit from competitive rates from an award-winning lender, with a personal service that s second to none. Mortgages to suit all types of landlord First time landlords (minimum income 25k) Experienced landlords (no minimum income) Clients looking to expand their portfolio Applicants up to the age of 85 at the end of the term We don t limit property portfolios No background portfolio limits Unlimited buy-to-let properties with Aldermore Mixture of residential and commercial property Our Interest Only Mortgages allow your clients to take ownership of a property whilst only repaying interest against the amount borrowed. Because they are only paying off the interest, their monthly payment will be lower. At Aldermore, we accept Interest Only Mortgage applications for up to 75% loan to value across our entire Residential product range (with the exception of Family Guarantee and Help to Buy schemes). However when approaching your clients with this option, you must consider that the loan will need to be paid in full at the end of the term, and an Interest Only Mortgage should therefore only be considered as part of a wider financial plan. We accept simple and complex cases Standard housing and flats Ex-public sector housing Houses with multiple occupation and multi-unit freeholds Remortgaging to release equity Commercial properties Residential flats above commercial premises Let to buy For more information on our Buy-to-let Mortgages, contact our team: t: w: aldermore.co.uk/buy-to-let-intermediaries For more information on Interest Only Mortgages, contact our team: t: w: aldermore.co.uk/intermediaries

9 Bridging Loans Short-term finance. Long-term support. If your client needs to bridge the gap whilst securing longer term financing, we can help. We provide fast, flexible and most importantly transparent short term finance, which offers your clients all the support they need, all the way through to securing long term finance if they need it. Bridging Loans Available on residential investment, semi-commercial and commercial properties Available up to 75% loan to value (up to 100% considered with additional security) Rates start from 0.64% per month Rolled up interest no monthly repayments Individual case underwriting Bridge to Term When it comes to exiting the Bridging Loan, our Bridge to Term option can help your clients switch to one of our award-winning Buy-to-let or Commercial Mortgages. They ll benefit from: Access to our complete range of award-winning Buy-to-let and Commercial Mortgage products Free legal fees on loans up to 1m Reduced valuation or re-inspection fees Ability to capital raise over and above the original bridging loan amount Straightforward exit from the bridge onto their term mortgage For more information on our Bridging Loans contact our team: t: w: aldermore.co.uk/intermediaries

10 Commercial Mortgages There s no such thing as one-size-fits-all with our mortgages. We help brokers structure deals to create the right solutions for their clients, and our flexible approach means we can offer mortgage solutions that our competitors can t. Our mortgage team will help your clients throughout the application process, taking into account every detail of their business property and circumstances to perfectly match a Commercial Mortgage to their needs. What are the benefits of working with Aldermore? Loan to value up to 75% Attractive interest rates linked to LIBOR or fixed rates Fast, award-winning service Hands on support from our expert lending team No compulsory insurance arrangements Individual rates based on the strength of your client s proposition For more information on our Commercial Mortgages, contact our team: t: w: aldermore.co.uk/intermediaries

11 Commercial Investment Mortgages Commercial Owner Occupied Mortgages Client looking to buy and let out a commercial property? Our mortgages are just the business. Matching the mortgage to the business. Unlike other commercial mortgage lenders, Aldermore won t demand that your clients arrange insurance or open a business bank account with us. So, any long-term mortgage can be kept separate from day-to-day business banking. We offer up to 75% of either the purchase price and the open market vacant possession, or the investment valuation whichever is lower. If the tenant is a household name, we may be able to offer lower interest rates and higher loan to value ratios. If your client is buying or remortgaging property for use as business premises, you should look no further than a Commercial Owner Occupied Mortgage from Aldermore. We match the mortgage to the business, so you know that your client is getting the best solution to support their business. It doesn t matter if it s a small business buying their first property, or an established business looking to expand. We understand that every industry has its own needs and their business mortgage should reflect that. We can offer up to 75% loan to value, depending on trading performance and industry sector. And we ll set a Commercial Mortgage rate based on the sector and strength of the business. For more information on our Commercial Investment Mortgages, contact our team: t: w: aldermore.co.uk For more information on our Commercial Owner Occupied Mortgages, contact our team: t: w: aldermore.co.uk

12 Property Development Finance Here s something your clients can build on. Experienced house builders have enough on their plates without having to deal with mountains of paperwork and slow processes. You can turn this around for your clients by working with Aldermore. Our Property Development Finance team provides straightforward and speedy access to funding for new residential and mixed use developments throughout the country. Our expert team arranges funding for a wide range of property types, offering advice and guidance on the best ways to access the right funding for your client. What are the benefits of working with Aldermore? Loans up to 75% Loan to Cost (with up to 85% in the South East and other selected locations) Lending up to 60% GDV Flexible terms from 500k Loan applications approved in principle within 24hrs Market-leading turnaround for release of development funds For new build, conversion and refurbishment For more information on our Property Development Finance, contact our team: t: w: aldermore.co.uk/intermediaries

13 For more information visit us at: aldermore.co.uk FOR INTERMEDIARY USE ONLY Aldermore Bank PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. (Financial Services Register number: ). Registered Office: 1st Floor, Block B, Western House, Lynch Wood, Peterborough PE26FZ. Registered in England no ACM