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Aldermore increases maximum loan size

POSTED: 11th May 2011
IN: Newsroom
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Aldermore has increased its maximum loan size from £600,000 to £1 million on all residential mortgage deals up to 75% loan-to-value.

Aldermore's maximum loan size on residential mortgages up to 80% LTV is £400,000.

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."

Aldermore markets its mortgages exclusively via intermediaries and, unlike most other lenders, decision-making is not dependent on credit scoring but is based on sensible underwriting rules and criteria applied by experienced staff.

Aldermore welcomes calls from brokers who would like to discuss potential deals. Brokers can contact Aldermore on 0333 3211000.

Full product information, including rates and criteria and a downloadable product guide, are available at: www.aldermore-mortgages.co.uk

**Ends**


For further information journalists can contact:

Josh Cooper, PR consultant                   office: 01295 688243
josh@cooper-consultants.co.uk             mobile: 07768 355265

For further information about Aldermore, our financial backers and our PR contacts, please review our Notes to Editors page. 

  • Mortgages
  • Press Release
  • Residential Mortgages

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