Aldermore Bank PLC is a UK-based specialist challenger bank established in 2009. It concentrates on providing secured lending solutions to SMEs, property developers, landlords, and homeowners who may not meet mainstream bank criteria. Aldermore operates as a broker-driven, digitally enabled lender authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation. The bank offers various finance options suitable for businesses with complex cases or non-standard income structures. For an overview of invoice finance and asset finance as primary loan categories, see invoice financing and asset finance.
Key Features of Aldermore Bank PLC
Aldermore’s lending approach combines flexible underwriting, high advance rates, and an ongoing relationship-led service. This makes it suitable for businesses and property operators needing asset-backed finance tailored to their circumstances.
- Offers a broad range of property-backed and business finance products, including invoice, asset, commercial, bridging, development, and buy-to-let finance — see debt financing.
- Underwriting teams handle complex or non-standard cases often declined by high-street banks — more on loan eligibility requirements.
- Digitally enabled broker portal and document upload streamline applications; dedicated managers provide ongoing support — read about the loan application process.
Eligibility for Funding
You may qualify for Aldermore’s lending solutions if your business meets minimum trading periods and turnover thresholds that vary by product. Around two years trading is typical for asset and commercial lending, with six months minimum trading for invoice finance. Personal and director guarantees are normally mandatory, and security over assets or property is required. Excluded sectors include arms, gambling, adult entertainment, and certain speculative property categories.
- Minimum trading period typically 6 months to 2 years depending on finance type — see our business loan eligibility guide.
- Personal guarantees are standard, often joint and several, reflecting the lender’s credit risk approach — understand more from personal guarantee requirements.
- Security includes fixed or floating charges on assets or first legal charge on property — learn about collateral requirements in secured lending here.
Loan Options from Aldermore Bank PLC
Aldermore provides several secured lending types tailored to varied business and property needs. Each option involves specific amounts, terms, and interest ranges, suited for borrowers seeking asset-backed finance.
- Invoice Finance: Facilities from £100,000 to £10 million, up to 90% invoice value financed, rolling 12-month terms, rates base plus 1.75%–3.5% margin, plus fees. Details at invoice finance.
- Asset Finance: Finance from £10,000 to over £1 million per asset, terms 1–5 years, rates 3.5%–15% flat, with options for structured repayments, mainly secured on the asset. Explore asset finance.
- Commercial Mortgages: Loans from £50,000 to £25 million, terms 3–25 years, rates from 4.50%–10%, high LTVs up to 75%, property security required. See commercial mortgages.
- Bridging Finance: Short-term loans £50,000 to £25 million, 3–18 months terms, interest 0.55%–1.20% monthly, suitable for quick property purchases and renovations. More at bridging loans.
- Development Finance: Project finance £1 million to £35 million, up to 36 months, rates from 6%–12% per annum, requires proven developer track record. Learn about debt financing solutions.
- Buy-to-Let Mortgage: Mortgages £50,000 to £5 million per property, terms 5–35 years, rates 4.84%–9%, portfolio loans accepted with experience. See definitions at buy-to-let mortgage.
How to Apply
Applications to Aldermore are primarily broker-led but supported with direct enquiry forms and telephone assistance. Expect to provide financial documentation and undergo credit checks. Decision times vary by product, with some quick drawdown options available.
- Submit application through an approved broker or via online enquiry forms — see our application form.
- Provide required documents such as filed accounts, bank statements, asset details, and verification of identity — guidance on application documents.
- Decisions may take 24–48 hours for indicative terms; full approvals 3–10 working days depending on finance type — learn more about the loan approval timeline.
- Some products like invoice and asset finance offer drawdowns within 24 hours of documentation; bridging loans may complete in 5 working days.
Funding Agent’s view on Aldermore Bank PLC
Aldermore positions itself as a specialist lender for businesses and property operators needing tailored, asset-backed finance solutions. Its flexible underwriting and high advance rates suit established SMEs and property developers with specific funding requirements. The bank’s focus on secured lending and personal guarantees means it is not ideal for unsecured or very small borrowing needs. For assessing your fit and comparing options, use Funding Agent’s loan eligibility guide, explore loan calculators, and consult the range of financing options available.
