Aldermore, Britain’s leading challenger bank, will be launching its Help to Buy mortgage guarantee range under the Government’s scheme on Monday 16 December, as announced by the Chancellor George Osborne during today’s Autumn Statement.
Aldermore is the first bank to make Help to Buy guarantee available on remortgages and not just new purchases, and in addition, it is the first challenger bank to enter the scheme.
It will offer 2-year fixed rate mortgages for loans between 85.01% and 95%.
Charles Haresnape, Managing Director of Residential Mortgages at Aldermore said:
“I am delighted to announce Aldermore’s participation in Help to Buy guarantee. We are committed to lending to homeowners in the UK, especially those with small deposits, to get on the housing ladder and those who are unable to access mortgages from traditional high street lenders, despite being creditworthy.
“We are the first and only bank in the scheme to offer remortgages so far.”