Happy birthday to us!

POSTED: 24th May 2011
IN: Newsroom

Aldermore is today celebrating the first anniversary of the launch of its residential and buy to let mortgage lending business.

Aldermore was the first lender to launch into the UK residential mortgage market since the onset of the credit crunch and, during its first year of operation, has completed £240 million of mortgages, most of which was introduced by 8,000 registered mortgage brokers.

Charles Haresnape, Managing Director of Residential Mortgages at Aldermore, said: "We set out exactly a year ago to help brokers place creditworthy mortgage applications being rejected by high street lenders. The response from intermediaries and their clients to our proposition has been fantastic and the growth of the business has exceeded our expectations.

"The key ingredient to our success has been our professional and knowledgeable staff, who are eager to talk to brokers and willing to assess applications based on their own merits, rather than relying on automated credit scoring systems. During our first year, staff have answered 84,000 calls from brokers - no wonder independent research has given Aldermore a net promoter score of +30%. This is very high for a new lender and indicates the very positive way in which brokers have embraced our product and service offering.

"During 2011 we have ambitious plans to extend our product portfolio still further. We recently launched a large loan proposition for borrowers seeking finance up to £1million and we have a number of new initiatives on the drawing board, which we will be announcing shortly. I have no doubt that our second year will be just as successful as our first."

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


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