Aldermore to commence lending in Scotland
Aldermore, the British challenger bank, has announced it will start lending on residential and buy-to-let properties in Scotland with effect from Monday 10th June 2013
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
Steve Carruthers, Aldermore’s head of distribution for Scotland, is based in Linlithgow and will provide brokers and distributors with local support. Steve has lived and worked in Scotland for many years and has previously held intermediary development roles with RBS and NatWest
.
Charles Haresnape, Managing Director of Residential Mortgages for Aldermore, said:
“We’re delighted to be extending our service into Scotland at a time when the housing market north of the border is starting to show signs of renewed confidence.Our range of both residential and buy-to-let mortgages will give brokers additional product choice and our personal service, which is based on skilled underwriting rather than automated credit scoring, will undoubtedly be a welcome development.”
Aldermore Bank has lent more than £2.5 billion since first opening its doors for business in the summer of 2009.
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