Aldermore hits £2bn residential milestone

The bank, which has grown significantly since its launch, recently entered the short-term market to expand its product range.

Charles Haresnape, managing director, residential and commercial mortgages at Aldermore, said: “We are delighted to have reached the £2bn milestone, exactly two years after we reached £1bn of mortgage lending. This is testament to the fact that customers are looking for banks that do things differently and are coming to us because we are providing just that.

“We are seeing a lot of customers take up our Help to Buy proposition which we launched in December and there is no doubt this has played an important part in us reaching these lending volumes.

“We are also supporting both landlords and property developers through our buy-to-let and development finance propositions. This is not only increasing supply in the housing market, but is supporting SME landlords and helping the British economy grow.”

Aldermore recently celebrated its fifth birthday.