Aldermore enhances bridging loan offering
Aldermore has improved its bridging proposition by offering discounted valuation fees and increased procuration fees for brokers.
From today, brokers will receive an improved procuration fee of 1.75%, up from 1%, and for a limited period customers will benefit from a discount of £500 off Aldermore’s bridging valuations, making valuations more cost effective for both residential and commercial investment properties.
Today’s changes mean that for the average property value of £240k residential customers will pay just £5 for their valuation fee (previously £505) and customers purchasing commercial property will pay just £310 instead of £810.
Charles Haresnape, managing director of Mortgages and Commercial Lending, Aldermore said: “While many traditional mortgage providers continue to show a reluctance to provide shorter term facilities, bridging can be an invaluable resource for those looking to secure finance quickly. Whether customers are looking to raise funds or need to renovate or develop properties, this flexible form of finance is becoming increasingly popular as a solution.
“These latest changes make Aldermore an attractive provider for brokers and customers alike. These changes are testament to Aldermore’s commitment to the bridging market.”
