UK challenger bank Aldermore has been recognised as one of the most efficient short term funding providers in the industry, according to the latest Bridging & Commercial reader poll.
The survey attracted a number of respondents keen to name the commercial bank as the lender which consistently displayed the best service levels and turnaround times.
Aldermore, which was also named ‘Best Commercial Lender’ at the 2012 Bridging & Commercial Awards, recorded 19 per cent of the total number of votes cast, making it a firm favourite for those who responded to the poll.
Aldermore’s Managing Director, Rob Lankey, has previously outlined the bank’s efforts to provide service-focused products to their customers in the face of a negative perception of the banking industry.
The introduction of a number of innovations, such as the bank’s online automated commercial mortgage enquiry system, Acumen, has ensured that Aldermore are continuing to enhanced its streamlined service.
West One Loans recorded 13 per cent of respondents’ votes, while Dragonfly Property Finance proved to be our readers’ third choice, with 9 per cent of those who answered naming the specialist bridging lender their most efficient option.
Seven per cent named specialist short term lender Omni Capital as having the best processes within the industry, while six per cent chose Central Loans, Bishopsgate and Masthaven Bridging Loans respectively.
Intermediary-only lender Precise Mortgages also impressed four per cent of readers on the back of a successful 2012, which concluded with a December in which it completed £16 million of bridging loans.
As last year’s poll draws to a close, Bridging & Commercial have a new question to pose to our readers: Which lender has completed the highest proportion of your deals?
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