Two years old and growing-up fast!

By Bridging Loan Directory -


Aldermore is celebrating the second birthday of its specialist residential and buy-to-let mortgage lending business.

Launched in 2010, Aldermore Residential Mortgages markets a range of residential and buy-to-let mortgage products via intermediaries throughout the UK. In just 24 months since launch, and during a severe economic and housing market  slump, Aldermore has bucked the trend by lending over £600 million to more than 4,500 UK homeowners. When commercial mortgages are included the amount lent exceeds £1bn.

Charles Haresnape, Managing Director of Residential Mortgages at Aldermore, said: “The performance of Aldermore Residential Mortgages has been truly impressive and continues to go from strength-to-strength. We now have a team of 70 staff based in Wilmslow, providing advice and support to a panel of more than 10,000 registered brokers across the country.

“We enjoy strong working relationships with all of the UK’s leading mortgage distributors which include mortgage networks, clubs and estate agency groups. Our focus – and the reason for our success – has been our willingness to assess applications based on their own merits, rather than relying on automated credit scoring systems. Brokers appreciate our innovative products, competitve criteria, more personal focus and our commitment to providing a consistently high quality service.

“We have also invested in market-leading technology, which includes a broker portal that enables intermediaries to submit applications, get instant DIPs and send supporting documentation to us online.

“We intend to continue championing the cause of British homeowners by developing products aimed at creditworthy borrowers being let-down by larger high street banks. We have some exciting plans on the drawing board which I’m looking forward to announcing later in the year. In the meantime, we’ll continue to provide brokers with the high quality service and feature-rich products they have come to expect from Aldermore.”