Aldermore enters Scottish bridging market

Aldermore enters Scottish bridging market



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Aldermore is expanding its bridging product range into Scotland.

The challenger bank will include the bridging and property development sectors north of the border to provide property finance for both residential and commercial customers.
 
It currently offers products for residential, commercial and buy-to-let properties there.
 
Charles Haresnape, Group Managing Director, Mortgages, said: “We’re delighted to offer bridging and property development in Scotland at a time when the housing market north of the border is starting to show signs of renewed confidence.
 
"Bridging and property development finance are both vital segments of the housing market and we are happy to help developers and investors by providing a selection of flexible finance options to get closer to this goal.
 
“Our new range of products will give brokers additional choice as well as personal service, which is based on skilled underwriting rather than automated credit scoring, [and] will undoubtedly be a welcome development.”
 
Last month, Aldermore announced an 88% jump in annual profit.

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