Speaking today at The Mortgage and Protection Event in Manchester to Mortgage Solutions‘ senior reporter and features editor Adam Williams, Haresnape said he welcomed the scheme.
Click on the picture to watch the video.
He said it allowed smaller lenders like Aldermore to launch into high Loan to Value (LTV) lending far more quickly than it would have through natural evolution.
“I’m on the record saying we will launch into Help to Buy 2 before January. Typically half the customers who apply to high street banks are being declined. The benefit is that we will be in 95% LTV lending, but offered with our underwriting style.”
He added Aldermore will be able to help a number of these customers, subject to affordability constraints.
“We are really looking forward to the launch, for as long as it lasts, but we welcome it,” he said.
For full coverage of the event today, click HERE.
