Aldermore this week announced it is expanding its product range to include bridging and property development sectors in Scotland.

The product range will provide property finance from development to refurbishment. Aldermore currently offers products for residential, buy-to-let and commercial mortgages in Scotland.

Charles Haresnape, Group Managing Director of Mortgages at Aldermore, said: “We’re delighted to offer bridging and property development in Scotland at a time when the housing market north of the border is starting to show signs of renewed confidence.

“Scotland is a key segment of the UK property market and one that is showing strong signs of growth with an estimated 465 000 new homes needed by 2035. Bridging and property development finance are both vital segments of the housing market and we are happy to help developers and investors by providing a selection of flexible finance options to get closer to this goal. “Our new range of products will give brokers additional choice as well as personal service, which is based on skilled underwriting rather than automated credit scoring, will undoubtedly be a welcome development.”

Property Development Finance
Our Property Development Finance team provide straightforward and speedy access to funding for new residential development projects. We’ve built an award-winning team of experts who can offer advice and guidance on the right type of funding for your clients.

For more information please visit our website or download our property development product guide

Bridging Finance
Aldermore offers straightforward bridging finance including long term funding on exit when required. We provide a fast and flexible approach to short-term lending; ideal for auction purchases, properties not suitable for mortgage purposes or those in need of refurbishment or renovation.

For more information please visit our website or download our bridging product guide