Aldermore is to begin lending on residential and buy-to-let properties in Scotland from Monday 10 June 2013.
The challenger bank, which has been lending mortgages throughout England and Wales since 2010, will be marketing its full product range to brokers based north of the border, who will also have access to Aldermore’s online case submission and tracking facility.
Aldermore Bank has lent more than £2.5 billion since first opening its doors for business in the summer of 2009.
Steve Carruthers, Aldermore’s head of distribution for Scotland, is based in Linlithgow and will provide brokers and distributors with local support. He has lived and worked in Scotland for a number of years and has previously held intermediary development roles with RBS and NatWest.
Charles Haresnape, managing director of Residential Mortgages for Aldermore, said he was delighted to be extending the bank’s service into Scotland at a time when the housing market north of the border is starting to show signs of renewed confidence.
He added:“Our range of both residential and buy-to-let mortgages will give brokers additional product choice and our personal service, which is based on skilled underwriting rather than automated credit scoring, will undoubtedly be a welcome development.”