Intermediary-only lender Aldermore launches Monday
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New intermediary-only lender Aldermore has today announced that it will be open for business on Monday 24 following a successful completion of its systems testing programme.
Aldermore will initially make its products available to a select panel of intermediaries vis mortgage lending networks and clubs, including 3mc, BDS, Legal & General, Mortgage Intelligence, Mortgages for Business, Mortgage Next, Pink, Platinum and Personal Touch Financial Services.
Appointed representatives and directly authorised mortgage brokers will be notified early next week, by their network or club, how they can register and then submit applications to Aldermore.
Aldermore residential mortgages chief executive Colin Snowdon (pictured) says: “Our launch plan is initially to roll out our service via a panel of brokers selected by our distribution partners, so that we can carefully monitor the quality of business we receive and ensure the quality of service we provide.
“However, it’s then our intention to widen access to all broker members of our distribution partners. This roll out approach is an important part of our determination to provide excellent service levels.”
3mc managing director Doug Hall says: “Aldermore is just what the mortgage market needs. A gap has opened-up in the market since the onset of the credit crunch, in which thousands of perfectly creditworthy borrowers find themselves unable to get a mortgage. Aldermore is going to address this sector head-on, which is great news.”
Last week Aldermore revealed the details of its product range, which include residential and buy-to-let mortgages.
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