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Aldermore leaps up the CML lending table

POSTED: 26th July 2012
IN: Newsroom
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British challenger bank Aldermore has gained ground in the mortgage market, according to the Council of Mortgage Lenders’ (CML) gross lending statistics announced yesterday.

CML data for 2011 reveals Aldermore has leapt up from 24th to joint 17th in the league table, increasing its lending by £300 million and giving it a 0.3% share of the market.

Charles Haresnape, Aldermore Managing Director of Residential Mortgages, said:  "Given that the mortgage business was built from scratch and only launched in May 2010, this is a remarkable achievement in such a short period of time.

"Moving into 17th place is a clear demonstration that the consumer is willing to move away from the more traditional high street brands and come to challenger banks such as Aldermore as a credible alternative.  I expect us to climb even further up the table in 2012."

**Ends**

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