Poll
Anyone for seconds? Aldermore certainly isn’t
Challenger bank Aldermore has categorically rejected any possibility of a launch into secured loans.
Following questioning from Loan Talk, Aldermore Bank has denied its potential launch into the secured lending market.
During a conference Q&A held last week, Charles Haresnape, Managing Director, of Mortgages and Commercial Lending at Aldermore, stated the bank was not eyeing up the seconds market.
When Loan Talk asked the firm yesterday, an Aldermore spokesperson backed up Charles’ statement, saying: “We have no plans to enter the second charge market. We are focusing on other opportunities including bridging."
Despite this, earlier this week sources close to the lender stated that the bank is, in fact, looking to launch into the market. Also, the source clarified that the move is expected to take place in early 2015.
Despite this, earlier this week sources close to the lender stated that the bank is, in fact, looking to launch into the market. Also, the source clarified that the move is expected to take place in early 2015.
Rumours about the lender’s launch have been circling as early as last year. Some predicted that the lender’s launch would go live as early as Q2 of this year.
More on this as it unfolds.
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