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Aldermore hits £2bn of lending since opening its doors

Aldermore has advanced almost £1bn of residential mortgage loans – and over £2bn in total – since it opened its doors in July 2009, it claims.

In total the bank claims it has now lent over £2bn – between commercial mortgages, residential mortgages, asset finance and invoice finance.

The bank also claims to have attracted more than £2bn of retail and business savings and now has over 83,000 retail accounts.

It also claims to have over 12,000 SME customers and to have grown this by 52 per cent in the past year.

Aldermore is the fifth largest net lender in the Government’s Funding for Lending scheme, with net lending of £228m since the scheme’s inception. It is behind Barclays, Nationwide, Virgin Money and Coventry Building Society in terms of net lending.

Aldermore chief executive Phillip Monks says: “Since the financial crisis the big banks have been shrinking their loan books. Increasingly SMEs have found themselves refused credit despite being quality businesses and so they are coming to us because we will take a balanced view of their business and support their growth aspirations. Furthermore,with an expert team of client managers,in every major economic conurbation in the UK, we understand the issues facing the SMEs on a daily basis.

“Equally, when someone comes to us for a mortgage we treat them as an individual, not a computer profile, providing a tailored service to support home ownership.”



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