Aldermore is looking to start lending via intermediaries during the next four months.
It has confirmed that it plans to launch a range of mortgage products exclusively via intermediaries. Aldermore’s products will be made available to both directly authorised brokers and appointed representatives via a panel of distribution partners including: 3mc, BDS, Legal & General, Mortgage Intelligence, Mortgage Next, Pink, PMS and PTFS.
Colin Snowdon , chief executive, Residential Mortgages, at Aldermore said: “Brokers tell us they have been let down by lenders who have abandoned them and their clients during the recent market slump. Our research shows that perfectly creditworthy applicants are being turned away by lenders who are using high credit scores and low LTVs to restrict business volumes.
