Aldermore doubles its car finance funding limits

POSTED: 29th July 2013
IN: Newsroom

Aldermore, Britain's leading challenger bank, has today launched its enhanced car finance policy, doubling the amount of funding available for cars from £75,000 to £150,000, in response to significant broker demand.

The enhanced offering also includes the ability to service the needs of high net worth individuals as well as the ability to write business with customers utilising a Business Mileage Exemption clause allowing company directors to fund vehicles in their own name. Cars can be funded via fixed or variable rate products. These enhancements will provide a competitive offering to brokers and customers alike.

Commenting on the release of the enhanced policy, Aldermore's Group Commercial Director, Mark Stephens, said: "Aldermore has listened to its customers and has made the changes that brokers have asked for. The new car finance offering is an exciting proposition for Aldermore as we enter a new phase of our development. We are very much open for business and this change in policy has enabled us to move up a gear in the highly competitive car funding market and sees Aldermore becoming a serious funder in this area."


For further information journalists can contact:
Mike Robb,, 020 7947 5315

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

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