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Aldermore adds two new distribution partners

Aldermore is adding two new distribution partners to its panel giving directly authorised brokers and ARs access to their mortgage products.

The new intermediary residential and buy to let lender has added both Sesame and PMS to its distribution partners as it targets creditworthy borrowers being penalised by automated credit scoring systems.

And in the buy to let market Aldermore is targeting experienced landlords who are unable to remortgage or finance new properties due to a scarcity of buy to let funding.

Colin Snowdon, chief executive, Residential Mortgages at Aldermore, says: “I’m delighted that Sesame, the UK’s largest financial advice network and PMS, the largest mortgage distributor in the UK, have both agreed to join Aldermore’s select panel of distributors.

“Our service, which combines the best of traditional underwriting and modern online technology, is fast and refreshingly straightforward and we’re looking forward to working with both organisations over the coming months.”

John Cupis, managing director of PMS, says: “After an extensive due diligence process, Sesame and PMS are delighted to add Aldermore to our lender panel. We believe that this will be a welcome addition for both our network members and our directly authorised intermediaries.”

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  • Phil 14th June 2010 at 5:03 pm

    Does this mean Aldermore is now allowing directly authorised members of Mortgage Intelligence and Mortgage Next to submit business to it as well?

    Or is it still only available to their own in house AR’s?

    This is nearly as bad as the lenders duel pricing