Close

Aldermore launch bridging and property development offering in Scotland

POSTED: 4th April 2016
IN: Newsroom
Share:

Aldermore today announces it is expanding its product range to include bridging and property development sectors in Scotland. The product range will provide property finance from development to refurbishment. Aldermore currently offers products for residential, buy-to-let and commercial mortgages in Scotland.

Charles Haresnape, Group Managing Director of Mortgages at Aldermore, said:

“We’re delighted to offer bridging and property development in Scotland at a time when the housing market north of the border is starting to show signs of renewed confidence.

“Scotland is a key segment of the UK property market and one that is showing strong signs of growth with an estimated 465 000 new homes needed by 2035. Bridging and property development finance are both vital segments of the housing market and we are happy to help developers and investors by providing a selection of flexible finance options to get closer to this goal.

“Our new range of products will give brokers additional choice as well as personal service, which is based on skilled underwriting rather than automated credit scoring, will undoubtedly be a welcome development.”

**Ends**

For further enquiries, journalists can contact:

Rachael Snelling, Aldermore

Phone:          0208 1853 102

Email:           Rachael.Snelling@aldermore.co.uk

 

Johnathan Priestley, Cicero Group

Phone:          0207 297 5971

Email:           Johnathan.Priestley@cicero-group.com

 

Notes to Editors:

Product offering on property development can be found here.

Aldermore

Aldermore Group PLC is a specialist lender and savings bank offering straightforward products to Small and Medium-sized Enterprises (SMEs), homebuyers and individuals, who we believe are often under- or  poorly served by the wider market. Aldermore has no branch network but serves customers and intermediary partners online, by phone and face to face through its network of regional offices located around the UK. Building on its core values of being reliable, expert, dynamic and straightforward, Aldermore aims to deliver banking as it should be. Established in 2009, Aldermore has grown significantly. At the end of December 2015, lending to customers stood at £6.1 billion and customer deposits totalled £5.7 billion. For more information, please visit www.aldermore.co.uk.

Aldermore Bank PLC is an operating entity of Aldermore Group PLC. In March 2015, Aldermore Group PLC’s shares (ALD.L) listed on the Main Market of the London Stock Exchange. Aldermore Bank PLC is regulated by the Prudential Regulation Authority and the Financial Conduct Authority and is registered under the Financial Services Compensation Scheme.

 

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

 

  • Press Release
  • Property Development FInance

Published: