View more on these topics

Aldermore appointed to 3mc bridging panel

Distributor 3mc has added challenger bank Aldermore to its bridging panel.

Aldermore launched into the short-term lending market in June via packager Finance 4 Business, after Mortgage Strategy revealed in October 2013 that it was looking at entering the bridging sector.

The lender offers bridging rates starting from 0.64 per cent per month on residential loans up to £3m and commercial loans up to £5m, with a maximum LTV of 75 per cent for both sectors.

3mc will pay a procuration fee of 1 per cent on all completed deals.

3mc director Doug Hall says: “We are delighted to be one of only a few distributors to have access to Aldermore’s new bridging facilities and this further enhances our existing specialist bridging, commercial and buy-to-let lending panel.

“Bridging is a fast growing market, which represents a great opportunity for brokers to boost their income.”

Aldermore managing director of mortgages and commercial lending Charles Haresnape says: “As a new bridging lender entering the market, we recognise that service is key. We have therefore been very careful in choosing our distribution partners and we’re delighted to have the opportunity to offer bridging facilities via 3mc.”

Aldermore announced this morning that it is eyeing a London Stock Exchange share flotation next month.



PFS appoints new president

The Personal Finance Society has appointed Chadney Bulgin joint managing partner David Thomas as its new president. Thomas takes over from David Ingram, partner at consultancy Aim Two Three, for 2014/15. Thomas has been a member of the Chartered Insurance Institute for 20 years and a member of the PFS board since 2011. He has […]


The Mortgage Mole

selfie indulgent He’s back! Just when celebrities thought they were safe, Mortgage Strategy reporter Devraj Ray sparks back into life and goes on a “selfie” bender. Mole was with Ray and Mortgage Strategy editor Paul Thomas for the Sepsis Ball on 12 September. Mole hears the Strategy boys were a little surprised to be invited […]


80% of brokers want ability to send documents via their smartphone

Eight in 10 brokers believe being able to send information to lenders using their smartphones would improve the mortgage process. In a survey of 251 brokers and IFAs by mortgage best practice site, Mortgage Brain and software firm iState Systems, 80 per cent of brokers want the ability to photograph documents such as P60s, […]


Enterprise Finance’s Danny Waters defends West One deal

Enterprise and West One are now part of the same group structure.  That is certainly news and we are flattered by the volume of attention we have had since announcing the deal. Partnerships like this are actually a well-trodden path already. Similar deals have worked in the second charge sphere and the secured loan market. […]

Can you put a hat on?

By Sarah Scott, marketing consultant You might think the question in the title is a strange one. Perhaps even more so when you learn that it’s one of several asked as part of an assessment for Employment Support Allowance eligibility in the opening scenes of the 2016 film, ‘I, Daniel Blake’. Daniel is a carpenter […]


News and expert analysis straight to your inbox

Sign up