Wednesday, August 8, 2012

Aldermore is a different bank to what you may have been used to. That’s why we are supporting the incredibly successful FairFuelUK Campaign for lower petrol and diesel prices at the pumps. We recognise that the cost of running our cars and vehicles in small businesses, families and in our everyday lives is hurting.

We have picked up from the small businesses that bank with us, that current fuel prices are a huge issue to them. They also tell us the Government still does not understand that if they cut fuel duty, this act alone will stimulate the economy. It is obvious to you, us and the UK public that lower fuel prices mean less costs and so more money to invest in businesses and more chance for them to grow.

Our philosophy is simple, we make banking straightforward and considerably more flexible for our customers. That’s why we back the pragmatic approach of FairFuelUK to help small businesses and the public in this fight for lower fuel prices. We share and endorse this philosophy.

Here is a little information about Aldermore’s background. In 2008, during the recession, Phillip Monks, Aldermore’s CEO, had a vision about launching a new, dynamic and vibrant bank, offering straightforward products to the consumer, combined with great value and service to UK small and medium sized businesses (SMEs). In order to lend to businesses and the public, the Bank raises liquidity in the form of deposits from SMEs and retail customers, using a traditional banking model. Aldermore is therefore extremely well placed to grow and exploit the huge opportunities available in the UK marketplace. We are strongly capitalised and readily able to raise the deposit funding required to support the on-going growth in our lending to businesses. 

As a challenger bank, Aldermore is a bank which offers residential mortgages, savings to the consumer, as well as a range of business savings accounts, and SME focused services, with Asset and Invoice Finance, along with commercial mortgages. The complete package in a traditional banking way. By the way, the name ‘Aldermore’ derives from the Alder tree which thrives where others don’t.

In November 2009 Aldermore acquired an invoice finance business whilst the residential mortgage business was built from scratch, opening its doors to intermediaries in early May 2010. A range of savings products were developed and promoted through selective use of ‘Best Buy’ tables published online and in various national newspapers. Aldermore’s saving range, which is available online, by post and over the telephone to the consumer, continues to prove extremely popular with customers and in turn, this provides the liquidity to lend. Our new range of business savings were launched in June 2012 to provide savings accounts for SMEs and can be fully opened online within 15 minutes and without the need to leave the current provider.

As mentioned earlier, we are a British bank; we do not depend on the wholesale, securitisation or international capital markets. We are regulated by the Financial Services Authority and are registered under the Financial Services Compensation Scheme, which means our customers’ savings are protected up to the statutory limit of £85,000 per person. Aldermore is also a member of the Council of Mortgage Lenders and markets its lending products via professional financial advisers and specialist commercial finance brokers located throughout England and Wales.Please take a look at what we could offer you, your family or your business by visiting our website: We promise we are really different.


Thanks for allowing Aldermore to share in your support of FairFuelUK


Please donate to help the fight for lower fuel prices and a better deal for drivers

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