Aldermore, the specialist finance lender, has become the most recent addition to the Mortgage Market Alliance (MMA). Launched last year, the MMA aims to promote the availability of lending for today’s diverse range of customers.
MMA Members are now able to access Aldermore’s range of products, including those tailored to customers who are self-employed, those with small deposits and people who have previously had credit issues.
Nick Parker, head of intermediary distribution at Aldermore Bank, said: “Home buyers are more diverse and unique in their financial circumstances than ever before, and Covid-19 has made buying conditions more challenging. It has never been more vital that the industry unites and works together, to share best practices, challenge long-held assumptions, and bring the market forward as it evolves into the exciting and rapidly growing digital space.
“We must let those that aspire to be a home owner in the future or those that want to change their housing situation know that the mortgage market is open for business, and working for them. From a new buyer raising a small deposit, and self-employed to the last-steppers and private landlords managing big and small portfolios, there are now options and choice for all to find pathways to get to where they want to be.”
Rob Griffiths, director of the Mortgage Market Alliance, added: “I’d like to welcome Aldermore as the latest lender to commit to the Mortgage Market Alliance. As Nick says in his quote – it is more important than ever that the industry unites and works together, and we provide a channel for a collaborative effort to raise consumer awareness around the diverse range of options available in the mortgage market and the benefits of professional advice.”
Original article featured here…
Last month, Aldermore revived its 95% LTV mortgage products and made a series of rate reductions; a 95% LTV 2-year fix available at 5.08%, and also a 95% LTV 5-year fix at 5.28%.