MortgagesMay 29 2013

Aldermore to bring lending service to Scotland

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ByIona Bain

Charles Haresnape said the recently established bank has been lending in England and Wales since 2010 but will now introduce its full range of residential and buy-to-let mortgages to brokers based north of the border.

Plans to start lending in Scotland were mooted by the bank earlier this year but no date was given for the start of distribution.

The bank’s new head of distribution for Scotland will be Steve Carruthers. Based in Linlithgow, Mr Carruthers previously held intermediary roles in RBS and its subsidiary NatWest.

Mr Haresnape said: “We’re delighted to be extending our service into Scotland at a time when the housing market north of the border is starting to show signs of renewed confidence.

“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.”


Gerry Weir, director of Edinburgh-based Cornerstone Mortgage Consultancy, said: “I’m absolutely delighted. I’ve dealt with Aldermore south of the border many times in the past and you can have an in-depth conversation with the underwriters there. This means the lender can make a reasonable underwriting decision – it’s not just a ‘computer says no’ scenario.”