Aldermore to target self-employed borrowers

The bank, who will launch a residential and buy-to-let mortgage range in Q2 2010, believes many banks are using high credit scores to control business volumes. In the same way as Kensington, it will not rely on automated credit scoring systems. It will consider a wide range of factors which usually cause creditworthy applicants to fail credit scores. These factors may include a recent home or job move, satisfactorily resolved minor historic credit issues, self-employment and applicants living temporarily in rented accommodation, after selling their previous home. Colin Snowdon, chi...