Aldermore will market a range of specialist prime residential mortgage products designed specifically for creditworthy homebuyers who do not do fit high street lender criteria. Aldermore's products will also include buy to let mortgages.
Increasingly, many large lenders have been adopting rigid credit score cut-off policies, which leave perfectly creditworthy applicants unable to buy properties. Aldermore's decision-making is not dependent on credit scoring, but is based on sensible underwriting rules and criteria applied by experienced people.
Charles Haresnape, Managing Director at Aldermore Residential Mortgages, said "We're continuing to develop our distribution channels and I am delighted that we'll be providing the LSL Group with a range of competitive mortgage products for house purchasers in this difficult economic climate."
Simon Embley, Group CEO of LSL said: "I am delighted that Aldermore has joined the Your Move and Reeds Rains lender panels. They operate in an important niche which will help us sell more houses. This extends further our business relationship beyond valuation panel management."
Further information about Aldermore's range of products and services can be obtained from its website: www.aldermore.co.uk or by phoning 0333 3211000.
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