You are here: Home - News -

Aldermore launches Help to Buy: equity with four advice firms

  • 23/04/2015
  • 0
Aldermore launches Help to Buy: equity with four advice firms
Aldermore is joining the government's Help to Buy: equity loan scheme and distributing through a small number of partners.

Its distribution partners will be Mortgage Bureau, Acumen, RSC New Homes and New Homes Group.

Under the scheme, Aldermore is offering a two-year fixed rate repayment mortgage at 3.98% with a maximum loan to value (LTV) of 75%.

The mortgage comes with a £999 completion fee and free standard valuation and under the terms of the Government scheme, it can only be used to purchase new-build residential properties. It will also be available directly to consumers.

The Bank is already part of the Help to Buy: mortgage guarantee scheme and has helped many first time buyers and home movers onto the housing ladder.

Charles Haresnape, managing director, mortgages and commercial lending, (pictured) Aldermore said: “We are delighted to be launching our Help to Buy: equity loan mortgage today. This complements our existing range of Help to Buy: mortgage guarantee products and demonstrates our commitment to supporting first time buyers, home movers and house builders.

“It is essential that the supply of new and affordable housing is increased in Britain to keep pace with demand from the formation of tens of thousands of new households each year. Joining the Help to Buy: equity loan scheme is one of the ways in which we can help support this. I’m confident that this will prove to be successful and we hope to roll the scheme out to additional brokers in due course.”

Aldermore, which launched in 2009, is already lending Help to Buy: guarantee mortgage loans.

Related Posts


There are 0 Comment(s)

You may also be interested in

  • RT @VickyHartleyMS: Sunak doubles incentives to £3,000 to take on apprentices and offers £126m in 'new cash' to triple traineeships. One to…
  • RT @VickyHartleyMS: Watch out for breaking news coverage on the #Budget2021 this afternoon from the best UK mortgage and property journalis…

Read previous post:
Paul Broadhead
MMR is just the beginning of regulatory change – BSA

The Mortgage Market Review (MMR) has permanently hardwired more conservative lending into the UK market which has been seen since...