Managing director Charles Haresnape had previously stated that the firm would offer its products in Scotland during the first quarter of the year but has now admitted that the launch had taken longer than anticipated.
Haresnape was questioned by a broker during a live webchat on Mortgage Solutions yesterday and said that the launch would be delayed until the summer.
“Sadly it has taken us longer than we had hoped as we decided to focus initially to extend our range of criteria before launching the full proposition into Scotland,” Haresnape said.
“You will therefore have seen over the last few months we have launched NewBuy, let-to-buy and significantly enhanced our general criteria.
“We have started this significant system development and currently anticipate launching over the summer.
“We will keep you posted but I would like to confirm that Scotland remains an important part of our development this year.”
To read all the questions put to Charles Haresnape during our buy-to-let webchat click HERE.
Aldermore has also announced a number of rate reductions on its buy-to-let and NewBuy mortgage ranges.
Its three-year buy-to-let fix for loans up to 80% LTV loan has been lowered to 4.98% with 2.5% completion fee and 5.28% with a £999 fee. A five-year fix has also been cut to 5.28% for 80% LTV loans.
Aldermore has also cut its standard two-year fix NewBuy product to 4.79% with a £999 fee, while a new fee-free option has been introduced at 4.99%.
