Aldermore increases maximum loan size
Aldermore has increased its maximum loan size from £600,000 to £1 million on all residential mortgage deals up to 75% loan-to-value.
Deprecated: trim(): Passing null to parameter #1 ($string) of type string is deprecated in C:\inetpub\wwwroot\2025.financialreporter.co.uk\htdocs\templates\front-end\partials\article_blockquote.php on line 2
Charles Haresnape, Managing Director of Residential Mortgages at Aldermore, said:
“We’ve experienced increased demand for larger loans and we’re delighted to announce this criteria change, which will help brokers tap-into this growing market.
“We understand the issues that are important to brokers when submitting large loan applications, including receiving quick decisions and having the ability to be able to discuss cases directly with underwriters. Brokers can be assured of a reliable, professional service when dealing with Aldermore.”
Mark Harris, Managing Director, Savills Private Finance, said:
“It is great to see another lender offering to lend up to £1 million to our clients. We are looking forward to working with Aldermore as they will discuss cases before submission – ideal for our market.”
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
This week's biggest stories:
Santander
Santander launches 98% LTV ‘My First Mortgage’
First-time Buyer
Improved affordability sparks 20% rise in first-time buyers: Nationwide
Inflation
Further rate cuts dampened as inflation rebounds to 3.4%
Mortgage Rates
Two Big Six lenders increase mortgage rates as swaps rise
Bank Of England
Bank of England holds interest rates at 3.75% in narrow 5-4 vote
Interest Rates
Looser Fed policy stance could slow further rate cuts, policymakers warn