Aldermore’s H1 residential loans rise 12%

Aldermore increased its residential mortgage lending by 12 per cent year-on-year in the first half of 2015.

The FTSE 250 lender’s interim results, published last week, show it lent £536m in H1 2015 – up from £480m in the same period of 2014.

Its book has grown from £2.6bn to £2.9bn in the six months to the end of June. 

Aldermore has reported a pre-tax profit of £44m in H1 – up 109 per cent on H1 2014.

Chief executive Phillip Monks says: “We’re excited by the significant ongoing growth opportunity presented by SMEs and homeowners, who we believe continue to be underserved by the wider market. 

“Our track record and the great customer feedback we receive demonstrate that we’re exceptionally well placed to continue to support these customers and grow the business.”