| Criteria Requirement | Assessment Policy |
|---|---|
| Income basis | Day rate–based assessment |
| Day-one lending | Yes |
| Minimum history | None required |
| IR35 (inside) stance | Contractor-friendly assessment |
| Umbrella accepted | Yes |
| Limited company | Yes |
| Gaps between contracts | Flexible |
| Adverse credit | Mild — incl. discharged bankruptcy after a period |
| Underwriting | Manual |
| Broker access | Intermediary |
Yes — day-one acceptance is core to Aldermore's contractor proposition, stacked with flexibility on gaps and mild adverse. Exact terms are confirmed live at application.
Yes — gaps are within its flexible appetite, read in context. Specifics are confirmed at application.
Yes — mild, explainable adverse (including discharged bankruptcy after a period) can be considered. We'll triage the right tier.
Yes — running more than one contract is within its appetite. Specifics are confirmed at application.
On a day-rate basis, read manually, using the current contract as evidence.
Speak to our contractor mortgage specialists to check live Aldermore Bank rates and verify your borrowing capacity.