From Monday, December 16, Challenger bank Aldermore will become the first challenger bank to provide mortgages through the Help to Buy scheme.
The lender will also become the first bank to make Help to Buy guarantee available on remortgages. It will offer two-year fixed rate mortgages for loans between 85.01 per cent and 95 per cent.
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.”
