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Aldermore increases maximum loan size to £1m

Aldermore has increased its maximum loan size from £600,000 to £1m on all residential mortgage deals up to 75 per cent loan-to-value.

The lender’s maximum loan size on deals up to 80 per cent LTV is £400,000.

Managing director of residential mortgages Charles Haresnape says: “We have experienced increased demand for larger loans and we are delighted to announce this criteria change, which will help brokers tap into this growing market.

“We understand the issues that are important to brokers when submitting large loan applications, including receiving quick decisions and having the ability to be able to discuss cases directly with underwriters.”

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