Its latest half-year results, which covers the six months to 31 December 2021, said net lending came to £13.9bn. This compares to £13.4bn in the first six months of 2021 and £13bn in the same period in 2020.
Net loans for retail mortgages came to £7.1bn during the period, which is £200m lower than the prior six months.
The lender said this was due to the growth in owner-occupied mortgage being offset by high levels of redemptions in the BTL segment as five-year fixed rate products matured.
It added that it had grown its customer base to 690,000, which is up from 650,00 in the same period last year. It did not segment it by mortgage customer.
The lender’s half-year profits nearly doubled from £57.6m to £110.1m, which it said reflected lower impairments due to the “significant improvement in the macroeconomic environment”.
Steven Cooper (pictured), chief executive of Aldermore Group, said: “We continue our focus on helping UK businesses and have seen growth in demand for specialist finance across all our SME product areas.
“Within retail mortgages there was steady growth in the owner-occupied book and buy-to-let achieved record levels of product switches. Through improvements in our operational capacity, we’ve driven increases in the pipeline, leaving us well positioned for the second half of the year.”
He added: “Looking ahead, we are confident in our ability to build on this momentum, making use of our financial strength, business expertise and first-class products and services to back our customers through the current challenging economic environment and beyond.”
