Aldermore Commercial completing £10m per month
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Aldermore Commercial Mortgages says its first year of lending has exceeded all expectations, with the business now processing more than 500 loan applications per quarter and £10m of mortgages per month.
Rob Lankey, head of lending for Aldermore Commercial Mortgages, says: “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 £10m per month and the numbers are rising rapidly.
“Most importantly, the feedback we’re receiving from our broker panel is excellent and the whole team was thrilled when it recently learnt we had been voted ‘Best Commercial Lender’ by the commercial finance industry.”
He says is has invested heavily in skilled staff and technology, but has placed a lot of emphasis on building close and productive working relationships with its broker panel, which has paid dividends for all concerned.
He adds: “We now intend to build on this solid start, ensuring the business continues to go from strength to strength and provides small and medium sized businesses with the financial support they so desperately need.”
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. If other lenders adopted the same approach to their business dealings as Aldermore, then the SME and property investor community would be in a far better place.”
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