Aldermore has added new offers to its Help to Buy guarantee mortgage range and is also launching a few new buy-to-let products.
Customers with deposits of 5 and 10 per cent can get three- or five-year fixed rate mortgages under the Help to Buy guarantee scheme. The fixed rates for up to 90 per cent loan-to-value are 5.99 per cent for both the shorter and the longer term. Rates for 95 per cent LTV stand at 6.09 per cent for both terms. All products come with a completion fee of £999.
“Following the strong growth in mortgage volumes and house prices in 2014, we expect sensible and sustainable growth in the volume of mortgages written this year, with the buy to let likely to experience further growth when the annuity reforms come into force in April, ” Charles Haresnape, managing director of mortgages and commercial lending at Aldermore, commented.
The full range of new mortgage products includes:
| New Residential Owner Occupied |
LTV |
Completion fee |
Rate |
| Help to Buy: mortgage guarantee 3 Year Fixed |
90% |
£999 |
5.99% |
|
95% |
6.09% |
||
| Help to Buy: mortgage guarantee 5 Year Fixed |
90% |
£999 |
5.99% |
|
95% |
6.09% |
||
| 3 Year Fixed (Free Valuation) Remortgage only |
75% |
£0 |
4.58% |
|
80% |
5.08% |
||
|
85% |
5.38% |
| New Buy to Let |
LTV |
Completion fee |
Rate |
| 2 Year Fixed |
75% |
2.50% |
4.48% |
|
80% |
4.78% |
||
| 3 Year Fixed (Free Valuation) Remortgage only |
75% |
£0 |
5.28% |
|
80% |
5.68% |
||
| Term variable (Limited Edition) |
75% |
3.00% |
3.93% |
|
80% |
4.48% |
Aldemore was the first challenger bank to provide mortgages under the Help to Buy scheme launched at the end of 2013.
