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3mc adds Aldermore to bridging panel

  • 22/09/2014
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3mc adds Aldermore to bridging panel
Mortgage distributor 3mc has added Aldermore to its panel of bridging lenders.

A recent entrant to the bridging market, Aldermore offers loans up to 75% LTV for residential and commercial properties. Lending is available up to £3m for residential and £5m for commercial applications.

Customers also have the ability to remortgage onto an Aldermore term deal including 3mc exclusive products.

3mc said brokers would be paid a 1% proc fee on all completed deals.

Director Doug Hall (pictured) said: “3mc is delighted to be one of only a few distributors to have access to Aldermore’s new bridging facilities and this development further enhances our existing specialist bridging, commercial lending and BTL panel.

“Bridging is a fast growing market which represents a great opportunity for brokers to boost their income. We have an Aldermore underwriter on site and can therefore guarantee brokers will receive a fast and efficient service.”

Charles Haresnape, managing director of mortgages and commercial lending at Aldermore, said: “As a new bridging lender entering the market, we recognize that service is key. We have therefore been very careful in choosing our distribution partners and we’re delighted to have the opportunity to offer bridging facilities via 3mc.

“3mc has a solid reputation for its expertise and providing brokers with a high quality service and we’re looking forward to working on bridging cases with Doug and his team over the coming months.”

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