Latest News

Best Cash ISA provider launches new market leading Cash ISA’s

Fri, 17 Feb 2012 00:00:00 GMT

- New 60 Day Cash ISA paying 3.15% gross/AER
- 1 Year Fixed Rate Cash ISA with a rate of 3.35% gross/AER

Aldermore has enhanced its 1 Year Fixed Rate ISA, as well as launching a new 60 Day Notice Cash ISA, offering great tax free returns for investors.

The 1 Year Fixed Rate Cash ISA has increased from 3.20% to lead the market at 3.35%, and the new 60 Day Notice Cash ISA offers a rate of 3.15%.

Furthermore, the rates on our fixed rate accounts apply immediately from when we receive your funds, unlike some other financial providers who only pay the higher rate after several weeks or months at a lower rate, making Aldermore's ISA the best-in-market.

These accounts continue Aldermore's strategy in offering simple, straightforward saving accounts which do not rely on short term bonuses, gimmicks or caveats but instead offer customers long term value for minimum effort.

The 1 year fixed rate is of course guaranteed but uniquely, the rate on 60 Day Notice is guaranteed to remain 1.75% above Bank of England Base Rate until 1 March 2013.

Crucially all the Cash ISA products accept transfers from other ISA providers, enabling customers to consolidate balances held in lower-paying Cash ISA accounts. In addition, the full range is available with a monthly interest option which will appeal to customers looking for a regular income from their tax free savings.

If a customer was to save £5,340 into the new 1 year fixed rate Cash ISA at 3.35%, this would provide £178.89 interest in a year and £30,000 transferred would provide £1,005, both tax free.

Commenting on the new products, Simon Healy, Head of Savings for Aldermore, said: "These accounts represent an enhancement to our strong Cash ISA range. With tough economic conditions and busy lives, these simple accounts offer customers an easy route to high returns now and in the future.

Rachel Thrussel, Savings Expert, Moneyfacts, said: "Aldermore's 1yr Fixed Rate bond is not only a top paying rate but with such transparency, it offers complete peace of mind."

Simon Healy concludes: "Transferring balances from lower paying accounts into an Aldermore Cash ISA not only makes sense in maximising your tax-free allowance, but is easy too - accounts can be opened in minutes online, by phone or by post and with our guaranteed rates, you can be sure of your returns."

Aldermore has just been announced as this year's winner for 'Best Cash ISA Provider' voted for by the public in the 2012 Consumer Moneyfacts Awards, and won it last year too, making it two on the trot. In addition, Moneyfacts has awarded Aldermore five stars for the launch of its new 60 Day Notice ISA.

ENDS

For further information contact: Lise Bulloch on: 0161 238 5005/ 07773 324908 or email: Ingerlise.bulloch@aldermore.co.uk or Sam Turvey, Maitland PR - 0207 379 5151

Notes to Editors

Still available is a full range of ISA products, with the 3 year fixed rate Cash ISA paying a rate of 3.80%, the 2 year Cash ISA offering a rate of 3.50%, as well as the 30 Day Notice ISA at 2.65%.

About Aldermore

Aldermore is a new British bank and one of the best capitalised banks in the UK. With backing provided by AnaCap and Morgan Stanley Alternative Investment Partners, Morgan Stanley's Private Equity Fund of Funds business and new investment from the consortium of funds managed by Goldman Sachs Asset Management, Honeywell Capital Management and the Ohio Public Employees Retirement System, Aldermore raises deposits from consumers and lends to homeowners and small and medium sized businesses.

Aldermore does not depend on the wholesale, securitisation or international capital markets and has not been involved in any banking activities or the marketing of any exotic products which have been the cause of problems for so many financial institutions.

As a British bank, Aldermore is regulated by the Financial Services Authority and is registered under the Financial Services Compensation Scheme, which means customers' savings are protected up to the statutory limit of £85,000 per person. Aldermore is also a member of the Council of Mortgage Lenders.

Aldermore markets its lending products via professional financial advisers and specialist commercial finance brokers located throughout England and Wales.

About AnaCap Financial Partners

Established in 2005, AnaCap is Europe's largest specialist private equity investment advisor in the financial services sector. Based in London and investing across Europe, AnaCap advises funds with more than €1 billion under management. AnaCap's funds invest in businesses with high growth potential and strong management teams. AnaCap works with management teams to improve infrastructure and business processes. It employs sophisticated, twenty-first century technology to create low cost, scalable, sustainable and highly digital based platforms. AnaCap's day-to-day support allows management to pursue growth strategies in the most efficient and effective manner.

AnaCap's team of professionals also assists investee companies in assessing and reducing key credit and market risks. This expertise in risk and liability management is a key factor in the strong performance of AnaCap's portfolio.

The success of AnaCap's investment strategy and team has attracted investment from highly regarded global institutional investors including Goldman Sachs, Allianz, Morgan Stanley Alternative Investment Partners, Honeywell, State of New Jersey and Adams Street Partners.

New bond with new increased rate

Thu, 16 Feb 2012 00:00:00 GMT

A British bank has increased its existing 1yr Fixed Rate bond which will offer long-term value.

Aldermore, which offers straightforward accounts with long-term value, is offering a new rate of 3.55% on its 1yr bond, a boost of 20bpts, up from 3.35%.

This step-up in the rate will only be on offer for a limited period however, it has no bonus or gimmicks, just a top paying savings account for the consumer.

Furthermore, the interest rate is paid immediately unlike other financial providers who are only start paying interest rates after several months have elapsed.

Commenting on the launch, Simon Healy, Head of Savings, Aldermore, said: "We recognise during this economic cycle of uncertainty, people want long-term value but don't want to tie up their money for long periods of time.

"The 1yr Fixed Rate bond provides a great return, at an excellent rate and as there are no bonus periods to consider, the consumer can relax knowing there's one less thing to think about."

Customers can buy online, or by post or telephone.

ENDS

For further information contact Aldermore press team - Lise Bulloch on 0161 238 5005 or email on: Ingerlise.bulloch@aldermore.co.uk

Alternatively contact Maitland PR: Andrea Coleman/ Sam Turvey: 0207 379 5151

About Aldermore

Aldermore markets its lending products via professional financial advisers and specialist commercial finance brokers located throughout England and Wales.

About AnaCap Financial Partners

Press enquiries:

Phillip Monks

Chief Executive

Aldermore

Tel: 0161 238 5000

Press office: Lise Bulloch - 0161 238 5005 - email: Ingerlise.bulloch@aldermore.co.uk

Aldermore increases buy-to-let LTV to 80% and improves rates

Thu, 02 Feb 2012 00:00:00 GMT

Aldermore has increased the maximum LTV to 80% on its range of residential buy-to-let fixed rate mortgages with immediate effect. It has also reduced its 2 year discount rates, 3 and 5 year fixed rates and its buy-to-let reversion rates, which results in a more generous rental calculation for many borrowers.

Key features of Aldermore Residential Mortgages' buy-to-let product line-up include:

LTVs now available up to 80%

* Reversion rates reduced by 0.5%
* Maximum portfolio size increased to 5 properties and £2 million
* Maximum age 85 years at the end of the mortgage term
* Choice of fixed, discounted and term variable rates from 4.48% (see 'notes to editors' for further information about rates)

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

"We're very comfortable with the way our buy-to-let portfolio is performing and feel the time is now right to strengthen our range. These enhancements to both criteria and rates will ensure Aldermore's residential buy-to-let products are amongst the most competitive available and I have no doubt they will be popular with both brokers and their clients.

"Intermediaries can also be assured they will receive Aldermore's consistently high quality award-winning service, provided by experienced staff who are always happy to discuss cases with brokers."

Aldermore markets its residential mortgages exclusively via regulated 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 mortgage professionals.

Full information about Aldermore's products including rates, criteria and a downloadable product guide, are available at: www.aldermore-mortgages.co.uk or brokers can contact Aldermore on 0333 3211000.

**ends**

For further information journalists can contact:

Josh Cooper, PR consultant office: 01654 791385

josh@cooper-consultants.co.uk mobile: 07768 355265

Notes to Editors

Buy- to-let product rates

Aldermore Residential Mortgages' portfolio of products includes the following:

2 year fixes from 4.58%
2 year discounts from 4.78%
3 year fixes from 4.48%
5 year fixes from 5.68%
Term variable rates from 4.68%

Full product details and a downloadable product guide are available at: www.aldermore-mortgages.co.uk

About Aldermore

Aldermore markets its lending products via professional financial advisers and specialist commercial finance brokers located throughout England and Wales.

About AnaCap Financial Partners

Aldermore announces 50,000 savings accounts

Wed, 30 Nov 2011 00:00:00 GMT

Aldermore today announces that it has now secured 50,000 savings accounts, just two years after launching. The news is the latest in a series of milestones achieved by the new British bank in recent months.

In July this year, Aldermore confirmed that it had moved into profit on a monthly basis and ahead of schedule. This was quickly followed by the announcement that it had reached £1 billion in savings.

Aldermore is a successful and growing new part of the British banking landscape and is focused on lending to small and medium sized businesses (SMEs) and UK homeowners.

Its strong deposit base underpins its support for SMEs. At present the bank's total lending to SMEs stands at £623 million* - and in the first nine months of this year, it had funded £1 billion of its clients' invoices through its expanding invoice finance business.

Aldermore's residential mortgage business has also grown. Built from scratch in May 2010, it is now ranked 23rd in the Council of Mortgage Lenders' top 30 lenders. To date, Aldermore has lent nearly 3,000 UK homeowners a total £371 million*.

Phillip Monks, Chief Executive, said: "Aldermore has grown consistently since we established in 2009 and I am delighted that we can now officially announce the latest milestone of 50,000 savings accounts.

"Aldermore is a new, fast-growing and value-driven bank. Our success is the result of providing great service and value to SMEs and UK consumers. Using our expertise, we provide straightforward savings which offer long-term value and lending products with less bureaucracy.

"We have a strong capital base - further boosted by a new round of capital investment worth £62 million secured in October - and none of the legacy issues which dog the wider banking industry. This means we are well placed to continue to grow."

Unlike many other new and established banks, Aldermore has benefited from the operational efficiency of not having an expensive branch network to maintain. Instead Aldermore focuses on innovation and technology, allowing customers to access the savings range seven days a week via the internet, phone or by post. Its accounts are gimmick-free, pay consistently good rates, and for the SME customer, Aldermore offers specialist client managers.

Ends

*Correct at the time of release

For further information journalists can contact:

Andrea Coleman / Sam Turvey, Maitland

Office: 020 7379 5151

Journalists can download hi-res photos and other information by going to: www.mediacentre.info/aldermore

Notes to Editors

About Aldermore

Aldermore is a British bank and one of the best capitalised banks in the UK. With backing provided by AnaCap and Morgan Stanley Alternative Investment Partners, Morgan Stanley's Private Equity Fund of Funds business and pending new investment from the consortium of funds managed by Goldman Sachs Asset Management, Honeywell Capital Management and the Ohio Public Employees Retirement System, Aldermore raises deposits from consumers and lends to homeowners and small and medium sized businesses.

Aldermore markets its lending products via professional financial advisers and specialist commercial finance brokers located throughout England and Wales.

About AnaCap Financial Partners

Aldermore ‘Specialist Lender of the Year’

Fri, 25 Nov 2011 00:00:00 GMT

Aldermore has won the prestigious 'Specialist Lender of the Year' award, which was presented at the National Association of Commercial Finance Brokers (NACFB) annual dinner, held at the Birmingham Metropole Hotel yesterday evening.

Accepting the award on behalf of Aldermore was the managing director of its commercial mortgage lending business, Rob Lankey, who said: "This is a great achievement for Aldermore, because it's the second year in a row that we've won this award.

"Winning an award for the first time is always a great thrill, but it's even more satisfying to win for the second year running because it's a clear demonstration of the business's ability to deliver a high quality service on a consistent basis.

"I would like to pay tribute to all the staff at Aldermore who have worked so hard throughout the year to make this possible."

Further information about the products and services available from Aldermore can be obtained at www.aldermore.co.uk or by phoning 01733 404518.

**ends**

For further information journalists can contact:

Josh Cooper, PR consultant 07768 355265

josh@cooper-consultants.co.uk

Notes to Editors

About Aldermore

Aldermore is a new name in British banking and is one of the most strongly capitalised banks in the UK.

With backing provided by AnaCap Financial Partners LLP, a specialist private equity firm and Morgan Stanley Alternative Investment Partners, Morgan Stanley's Private Equity Fund of Funds business, Aldermore raises deposits from consumers and lends to homeowners and small and medium sized businesses.

Aldermore's service is founded on real market expertise and empathy with its customers' needs; offering consistently competitive rates and terms and providing a refreshingly straightforward service. In short, we aim to be different from other banks, easy to do business with and dependable.

About AnaCap Financial Partners LLP

Established in 2005, AnaCap is a specialist private equity firm focused on making investments in the financial services sector across Europe.

AnaCap and its affiliated funds have raised more than £827 million of committed capital from highly regarded global institutional investors including Adams Street Partners, Goldman Sachs, Honeywell, Morgan Stanley Alternative Investment Partners and Allianz.

AnaCap's portfolio in the UK includes Syscap, Conduit Capital Markets and Apex Credit Management. Cattles Invoice Finance was acquired in August 2009, which was subsequently rebranded Absolute Invoice Finance and sold to Aldermore in November 2009.

AnaCap also owns Credoma, a residential mortgage company based in the Czech Republic and Mediterranean Bank Plc which is based in Malta. In December 2009 AnaCap announced its intention to acquire Banco Popolare Ceska Republika, the Czech subsidiary of Italy's Banco Popolare, subject to confirmatory due diligence and all regulatory approvals.

Aldermore voted ‘Best Specialist Lender’

Mon, 17 Oct 2011 00:00:00 GMT

New British bank Aldermore has been voted 'Best Specialist Lender' in the annual Pink Home Loans Service Awards, which were held recently at the Heythrop Park Resort in Oxfordshire.

Charles Haresnape, Managing Director of Residential Mortgages at Aldermore, said: "It's always an honour to win an award and it is particularly gratifying to have the quality of Aldermore's service formally recognised by one of the UKs leading mortgage distribution companies.

'I would like to thank all of Aldermore's residential mortgage staff who have made this award possible. With their support I know that we will be able to go from strength-to-strength next year."

**ends**

For further information journalists can contact:

Josh Cooper, PR consultant office: 01295 688243

josh@cooper-consultants.co.uk mobile: 07768 355265

Notes to Editors

About Aldermore

Aldermore markets its lending products via professional financial advisers and specialist commercial finance brokers located throughout England and Wales.

About AnaCap Financial Partners

Aldermore makes cutting the cost of cash flow finance as easy as ABC

Tue, 11 Oct 2011 00:00:00 GMT

Aldermore, the new British bank, is helping thousands of small business across the UK cut the cost of cash flow finance, with the launch of the Aldermore Business Confidence (ABC) fixed fee factoring package.

ABC enables small businesses with a turnover of up to £500,000 to immediately access and utilise cash tied-up in unpaid invoices. There are no set-up or administration charges and both the servicing and discounting fees are fixed for two years from inception. CHAPS payments and online access to Aldermore's factoring system are included in the monthly fee and ABC customers also qualify for a free copy of Sage's Instant Access Account software (see Notes to Editors for further information).

Ian Wilkins, Group Managing Director of Commercial Finance at Aldermore, said: "The objective behind the launch of ABC is to provide small businesses with a completely transparent, fixed fee finance package which will help boost their cash flow and give them greater budgetary control.

"A number of surveys have indicated that many small business owners are confused about the cost of invoice finance facilities, making them unwilling to investigate further the benefits of factoring. This new package takes away all the concerns regarding fees and charges, as they are included in the simple fixed monthly fee."

42% of businesses have indicated* that their need for finance has increased over the past 3 months and yet a massive 89% are concerned that arrangements fees are too high.

Wilkins continues: "Although the Project Merlin banks are pledging to lend £190bn this year, big businesses will be the overwhelming winners with £114bn bypassing SMEs altogether. ABC is targeted at the smallest businesses that often struggle to secure competitively priced finance and are put-off by hefty fees. We believe this package will make a big difference to thousands of small firms."

Data produced by the Federation of Small Businesses confirms that the UKs 4.8 million small and medium sized firms employ 22.8 million people, which accounts for 59.8% of the private sector workforce. Small firms also account for 49% of the UK turnover and 64% of all commercial innovations.

Aldermore has lent £360 million to small and medium sized businesses and has total assets of more than £1 billion. The bank has 8 regional business offices, providing invoice finance, asset finance and commercial mortgage facilities to more than 9,500 business customers.

Further information about ABC and Aldermore's full range of products and services for small and medium sized businesses can be obtained at www.aldermore.co.uk or by phoning 0800 021 7040.

**ends**

* Research undertaken by Syscap published on 19th September 2011 confirms that 42% of businesses reported an increased need for finance in last quarter. However, only 8% of SMEs said their ability to access bank loans has improved over the last year and a third (33%) said that it continues to get worse. The research also reveals that 89% of businesses consider the arrangement fees on loans to be too high. Philip White, Chief Executive of Syscap said: "These results suggest that the reality of the situation is that businesses do want finance, but they are put off loans by high margins and excessive arrangement fees."

Full information about the research can be found at: http://www.syscap.com/news-and-opinions/459-call-for-boe-to-boost-sme-funding

For further information journalists can contact:

Josh Cooper, PR consultant Office: 01295 688243

josh@cooper-consultants.co.uk Mobile: 07768 355265

Journalists can download hi-res photos and other information by going to www.mediacentre.info/aldermore

Notes to Editors

About the Aldermore Business Confidence (ABC) fixed fee factoring package

Availability: SMEs turning over up to £500,000 per annum

Fees: There are no set-up or administration charges. Servicing and discounting fees are fixed for 2 years from inception

Prepayment level: 80% of the value of invoices will be paid to the SME as soon as the invoices are issued to their clients

Additional benefits: free Sage Instant Access Account software

CHAPS: free

Online access: free access to C3 the Aldermore online system

About Aldermore

Aldermore markets its lending products via professional financial advisers and specialist commercial finance brokers located throughout England and Wales.

About AnaCap Financial Partners

A safe haven in difficult times

Thu, 06 Oct 2011 00:00:00 GMT

"Like you, we have been watching events in Europe and amongst the European banks with concern. If any of you have been worrying how it might affect Aldermore though, rest assured. Aldermore is one of the most strongly capitalised banks in Britain. Unlike our larger rivals we don't rely on the international money markets for our funds and we don't invest in Greek bonds or anything like them. As a new bank we raise our funds from retail savers and lend it mainly to dynamic businesses across the UK which are seeking funds to grow. It is as simple as that.

We moved into profitability during the summer, less than three years since our launch and now have assets of more than £1 billion, with more than 43,000 customers.

"Our recent £62 million capital raising, backed by some of the world's largest and most respected investors, has given us the funds we need to continue to grow and launch an even wider range of savings accounts and financial products for growing businesses. Despite all the current uncertainties there are still lots of opportunities for a bank like Aldermore and we intend to make the most of them and do our bit to help the UK economic recovery - with your help."

ENDS

Press office: Lise Bulloch - 0161 238 5005 - email: Ingerlise.bulloch@aldermore.co.uk

Aldermore breaks through £1 billion in deposits

Wed, 28 Sep 2011 00:00:00 GMT

Launches Easy Access Account

Aldermore, the new British bank, has reached the significant milestone of £1 billion in deposits, a 51% increase since December 2010 . The bank now has over 43,000 deposit accounts and has grown rapidly since its creation in 2009.

The news follows Aldermore's announcement in July that its total assets had passed £1 billion and that it had moved into profitability on a monthly basis.

To mark the latest milestone, the bank has launched a new Easy Access Account, which has a competitive interest rate of 2.85% Gross/AER, guaranteed to remain at least 1.80% above Bank of England's Base Rate until 1st March 2013. This rate is not artificially inflated by bonuses or introductory offers, and interest is applied to the account monthly or annually, in line with the customer's choice.

Simon Healy, Head of Savings at Aldermore, said: "Reaching £1 billion of deposits is a fantastic achievement. Aldermore is succeeding by delivering great service and value to customers, and by using our expertise to provide straightforward savings accounts with minimal bureaucracy."

Rachel Thrussell, Moneyfacts savings expert, said: "The Easy Access account is an example of a product paying a good rate of interest in the current marketplace. With no bonus this means the customer can be assured of a consistent and reliable rate."

Simon Healy added: "Aldermore is a new, fast-growing and value-driven bank. We offer customers innovative accounts but without introductory gimmicks or bonuses. The new Easy Access Account is our latest offer in keeping with this philosophy and it gives customers instant, easy access to their savings online, by phone or by post.

Aldermore's savings business underpins its support for the SME market. In July, the bank's Invoice Finance division made over £130 million of funding available to nearly 1,000 small firms; an increase of 42% over the same period last year, while the industry as a whole grew by less than 10%. Additionally, Aldermore's Asset Finance operations, which only started lending last year, made £32 million of new loans available in July alone.

Ends

For further information journalists can contact:

Andrea Coleman / Sam Turvey, Maitland

Office: 020 7379 5151

Journalists can download hi-res photos and other information by going to: www.mediacentre.info/aldermore

Notes to Editors

About Aldermore Bank Plc

Aldermore is a new name in British banking and is one of the most strongly capitalised banks in the UK.

About AnaCap Financial Partners LLP

Established in 2005, AnaCap is a specialist private equity firm focused on making investments in the financial services sector across Europe.

Aldermore raises £62 million from new investors to fund continued growth

Sun, 25 Sep 2011 00:00:00 GMT

Aldermore, the new British bank, is pleased to announce it has raised £62 million in additional equity capital to fund its continued strong growth.

The funds have been invested by a consortium of leading global investors, including funds managed by Goldman Sachs Asset Management, Honeywell Capital Management and the Ohio Public Employees Retirement System. Funds advised by AnaCap Financial Partners LLP ("AnaCap"), Aldermore's existing lead investor, have also increased their investment in the business and Morgan Stanley Alternative Investment Partners, Aldermore's founding investor alongside AnaCap, also retain their significant investment.

This increased investment values Aldermore at a premium to book value, a reflection of its profitability and compound annual growth rates in excess of 100 per cent. As a new entrant, Aldermore also has none of the legacy issues which have dragged down valuations elsewhere in the sector.

Subject to FSA regulatory approval, the new funds enable Aldermore to continue to meet the strong demand for its products from both retail and small business customers. Aldermore now serves 42,000 depositors and 9,500 borrowers with its market leading products. This funding will further strengthen Aldermore's position as one of the most strongly capitalized banks in the United Kingdom. The transaction comes after Aldermore announced in July that its gross assets now exceed £1 billion and that it had reached profitability.

Phillip Monks, Aldermore's Chief Executive, said: "We are delighted with the strong support shown by these blue-chip investors for our funding round and for the continued support from both AnaCap and Morgan Stanley. This investment gives us an excellent platform for continued growth and to offer real choice and competition in the UK banking market. I would like to thank all our investors for the confidence they have shown in our business, for their deep understanding of what we do and the enormous potential for our bank."

Peter Cartwright, Co-Managing Partner of AnaCap and Non-Executive Director of Aldermore, said: "We are proud of the group of investors that has been assembled to support the continued growth and development of Aldermore and are collectively excited by the substantial commercial opportunity that remains available to Aldermore as high street banks continue to neglect significant sectors of the UK banking market".

Aldermore was advised in this transaction by Hawkpoint.

For further information journalists can contact:

Neil Bennett / Andrea Coleman - Maitland
020 7379 5151

About Aldermore

Aldermore is a rising star in British banking and one of the best capitalised banks in the UK. With backing provided by AnaCap and Morgan Stanley Alternative Investment Partners, Morgan Stanley's Private Equity Fund of Funds business and pending new investment from the consortium of funds managed by Goldman Sachs Asset Management, Honeywell Capital Management and the Ohio Public Employees Retirement System, Aldermore raises deposits from consumers and lends to homeowners and small and medium sized businesses.

Aldermore markets its lending products via professional financial advisers and specialist commercial finance brokers located throughout England and Wales.

About AnaCap Financial Partners