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

Breaking News

Dangerous Cladding – Questions raised by Remediation Acceleration Plan

The government has published its Remediation Acceleration Plan, and pledges that dangerous cladding will be fixed on all high-rise buildings on Government schemes within the next five years. The plan sets out that by the end of 2029, all buildings over 18 metres tall – defined as high-rise – with unsafe cladding that are on a Government…
Read More →
Estate Agent Talk

Nationwide data showing house prices rose – Thoughts from the Industry

The latest Nationwide data showing house prices rose at much higher pace than expected at 1.2%. Here are some thoughts from the property industry.   Daniel Austin, CEO and co-founder at ASK Partners: “We continue to see a month-on-month rise in house prices, which is hopefully the sign of an upward trend developing for the…
Read More →
Breaking News

Annual house price growth rebounds in November

UK house prices rose 1.2% month on month Annual growth rate rebounded to 3.7%, from 2.4% in October – fastest since November 2022 House prices now just 1% below all-time peak Headlines Nov-24 Oct-24 Monthly Index* 536.6 530.4 Monthly Change* 1.2% 0.1% Annual Change 3.7% 2.4% Average Price (not seasonally adjusted) £268,144 £265,738 * Seasonally…
Read More →
Breaking News

25% house price premium in National Parks

25% premium for a property situated within a National Park 7% premium for a property within 5km of a National Park 15% premium for a property located in an Area of Outstanding Natural Beauty (AONB) Commenting on the figures, Andrew Harvey, Nationwide’s Senior Economist, said: “National Parks continue to be highly desirable areas to live…
Read More →
Commercial Agent Talk

3 Ways to Maximize Efficiency During a Construction Project

Managing a construction project requires serious juggling. You’re handling dangerous machinery, delegating jobs to multiple (sometimes dozens) of workers, and making sure everything you do fits into the approved budget. It’s not a job for someone who can’t work under pressure, but you do it well. Still, there’s always room to grow, and with the…
Read More →
Love or Hate Rightmove
Breaking News

Rightmove’s most viewed homes of the year 2024

New data from the UK’s biggest property website Rightmove reveals the most viewed homes of the year. Rightmove’s property expert, Tim Bannister, said: “From a luxurious former football manager’s residence to a historic Grade I listed Abbey, the most viewed homes of the year reflect the wide-ranging dreams of home-hunters this year across Great Britain. Whether…
Read More →