Mortgage News
Business lending up to £10m for Aldermore
New-launch lender Aldermore is processing over 500 mortgages a quarter from small and medium-sized businesses, despite the commercial loan drought in the UK.
Rob Lankey, head of lending for Aldermore Commercial Mortgages, said: “We’ve made fantastic progress from a standing start 12 months ago and now have 20 specialist staff based in our Peterborough office, processing loan applications generated via our panel of commercial mortgage brokers. We’re completing deals approaching £10 million per month and the numbers are rising rapidly.”
David Whittaker, managing director, Mortgages for Business, said: “In less than a year Aldermore has delivered on its promises and has rapidly evolved its market offering with innovation and sound commercial judgment.”
Episode 1: First-time buyers : Powered by Partnership podcast from Newcastle for Intermediaries
Sponsored by Newcastle for Intermediaries