Aldermore passes £1bn lending mark in just three years

Aldermore has lent more than £1bn worth of residential and commercial mortgages since opening for business in the summer of 2009.

Mark Stephens, deputy chief executive and group managing director of Aldermore’s mortgage division, says it is a fantastic achievement at a time when the economy and housing market have both been in the doldrums.

He says: “Aldermore has consistently increased its lending volumes, while other lenders have been cutting back and tightening criteria.

“We’ve maintained our focus on providing mortgage finance to creditworthy borrowers frustrated byintransigent high street lenders. Our strategy of assessing cases based on their merits rather than relying on automated credit scoring has paid dividends and the quality of our loan book is excellent.”

Stephens adds that the lender has ambitious plans for its residential and commercial property lending and development finance businesses and will reveal new products and services in the coming weeks.