Replacement mortgages for HTB: mortgage guarantee scheme

January 4, 2017

Aldermore has introduced new residential mortgage products as well as new first-time buyer deals following the closure of the Help to Buy  (HTB) mortgage guarantee scheme.

Commenting on the new product range, Charles Haresnape, Group Managing Director, Mortgages, at Aldermore, said: “Our new products for 2017 offer something for everyone, whether it is lower rates or the ability to overpay without penalty.

“Additionally, we are proud to continue offering 95% LTV products to those with low deposits. With our research showing that the closure of the Help to Buy: mortgage guarantee scheme could mean over half of first-time buyers having to adjust their purchase plans, Aldermore has reaffirmed its commitment to offering the products our customers truly want, especially where there is a very clear demand.

“Aldermore has always listened carefully to our brokers and customers to make sure our product range gives them the best possible option for their situation, and our individual underwriting process that looks at applicants on a case by case basis means that no-one will be unfairly penalised by a computerized approach.”

Read the news release from Aldermore in full click here

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

You May Also Enjoy

Estate Agent Talk

Letting Agents in Exeter: Your Guide to Stress-Free Property Management and Rentals

Exeter, a bustling city in the center of Devon, has a booming rental market because to its strong job opportunities, first-rate educational system, and historic charm. Exeter leasing agents offer helpful services that make the process easy and stress-free, whether you’re a tenant seeking for the ideal house or a landlord trying to get the…
Read More →
Breaking News

69% of UK mortgage brokers expect base rate to rise

Interest rates and legislative uncertainty top concerns for UK mortgage brokers   A new survey of 300 UK mortgage brokers has found:   69% believe the base rate will be higher than the current level of 4.50% at the start of 2026. 67% expect interest rates and the cost of borrowing to be the single…
Read More →
Breaking News

1 in 4 Brits Already Locked Out of Homeownership as Stamp Duty Costs Become Unaffordable

Stamp duty reforms could shatter homeownership dreams for the 25,000 first-time buyers racing to beat the deadline David Hannah, Group Chairman of Cornerstone Tax, urges the government to scrap its stamp duty reforms and focus on addressing the wider housing affordability crisis Home buyers across the UK are racing to complete purchases before the 1st…
Read More →
Estate Agent Talk

Exploring Streatham: Is It a Desirable Place to Live?

Streatham, located in South London, has seen a remarkable transformation over the years. Once considered a lesser-known part of the capital, it has now become a sought-after area for families, young professionals, and first-time buyers. But what makes Streatham such an attractive place to live? Let’s take a closer look at what this neighbourhood has…
Read More →
Paint Stripper Tools
Home and Living

5 Top Tips for Enhancing Your Home Before You Sell

Selling your home can feel like the end of an era, with lots of packing up to do, and re-organising of your life. Whether you’re downsizing, upgrading, or moving locations, there’s plenty to do to get your new life started. However, making some small but crucial changes to your abode before putting it on the…
Read More →
Love or Hate Rightmove
Breaking News

Kilmarnock named cheapest area for a first home

Average first-time buyer monthly mortgage payment still £350 more than five years ago, as Kilmarnock named cheapest area for a first home The latest data from Rightmove’s weekly mortgage tracker shows that the average first-time buyer mortgage payment is still £350 more each month, or 59% higher, than five years ago despite market improvements A…
Read More →