Compare Aldermore Home Insurance Quotes Against The Market

Aldermore Bank are highly regarded for providing mortgages to self-employed individuals, buy-to-let landlords, and borrowers with complex financial backgrounds who might be turned away by traditional high-street banks.

However, Aldermore does not sell, underwrite, or provide home insurance. While it is a strict legal condition of an Aldermore mortgage that you maintain adequate Buildings Insurance, they expect you to use an independent broker or intermediary to source this cover yourself.

Because you cannot buy a policy directly from them, the best approach is to compare the wider UK market to find a policy that satisfies your mortgage conditions at the best possible price. You can get independent advice and a personalised quotes comparison to protect your home from one of our expert advisers below:

What type of home insurance do you need for an Aldermore mortgage?

Because Aldermore doesn't provide home insurance, you simply need to find a standard market policy that meets their specific lending criteria.

Buildings insurance (Mandatory)

This covers the structure of your property, including the roof, walls, windows, and permanent fixtures. Aldermore requires you to have this in place before your mortgage can complete.

• Cover limits: Aldermore requires that your level of cover must be at least equivalent to the current reinstatement (rebuild) value of your home

• Scope: It must cover major perils like fire, storm, flood, and subsidence

• Leaseholds: If you are buying a leasehold flat, the freeholder usually arranges the buildings insurance through a block policy, which your solicitor will verify for Aldermore

Contents insurance (Optional but recommended)

This protects your household goods and personal belongings—like furniture, electronics, and clothes—against theft, fire, and flood.

• Aldermore's Rules: It is not a requirement of your Aldermore mortgage to insure your contents. However,  any financial advisor will strongly recommend it, as a buildings policy offers zero protection for your personal possessions

Combined home & contents cover

Most homeowners opt for a combined policy. Even though Aldermore only legally requires the physical building to be insured, bundling your contents into the same policy is usually cheaper and much easier to manage than buying them separately.

How your premiums are calculated

Because you will be buying from a third-party insurer (like AXA, LV=, or Ageas) to satisfy Aldermore, your premium will be calculated based on standard industry risk factors:

• Rebuild Cost: The cost to completely rebuild your home from scratch (which is what Aldermore requires you to cover)

• Property Type and Location: Homes in areas with a history of flooding, subsidence, or high crime rates will cost more to insure

• Construction: Aldermore often lends on non-standard properties (like timber frames or high-rise flats). These construction types can attract higher insurance premiums

• Claims History: Your No Claims Discount (NCD) is the biggest factor in lowering your annual cost

Pros and cons

Because Aldermore doesn't offer a specific product, here are the pros and cons of sourcing your own independent insurance to satisfy your mortgage:

 Customer reviews

If you search for Aldermore online, you will find reviews related to their mortgage lending and savings accounts, not insurance.

• Trustpilot (Aldermore): Aldermore typically holds very strong scores for a bank, with customers frequently praising their common-sense approach to mortgage underwriting and helpful staff. However, there are no reviews for claims handling because they do not sell insurance

• Choosing an Insurer: When our advisers find a policy for you, we will always recommend insurers that hold high Defaqto ratings (4 or 5 stars) and have strong, UK-based claims handling reputations

How to get a home insurance quote

The best way to apply for home insurance that meets your Aldermore mortgage requirements is through an independent broker.

Approaching a single insurer directly limits your options. Consulting with an insurance broker first gives you an overview of the entire market, ensuring you get the right cover at the right price, while keeping your mortgage lender happy.

At Money Helpdesk, our home insurance experts always kick things off with a free, no-obligation chat. We know exactly what specialist mortgage lenders look for in a buildings policy. If you are looking to arrange cover for your mortgaged property, get in touch and we will present you with all of your options.