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3 Year Family Guarantee Fixed Rate Mortgage (100% LTV)

5.18% fixed for 3 Year family guarantee
5.48% variable for the
remaining term of the
mortgage
5.7% APRC is the overall cost for
comparison

How much could a mortgage cost me?

> View a representative example
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For first or second time buyers struggling to get enough cash together for the deposit on their next home, a 100% mortgage could be a lifeline. Aldermore's Family Guarantee Mortgage is designed for first or second steppers who have little or no deposit but do have a parent, step parent or grandparent able to provide a guarantee secured against their residential property.

To apply for a Family Guarantee Mortgage, your parent, step parent or grandparent:

- Must be under 60 years of age
- Must be in full time employment
- Cannot be retired

If you do not meet our eligibility criteria, there may be other ways we can help. Take a look at our Help to Buy mortgages.

Credit Status

We look at each application on an individual basis.
Speak to our team of expert mortgage advisers for more information.

No mortgage arrears No CCJ's No Bankruptcy Orders/IVAs - See more at: http://www.aldermore.co.uk/personal/mortgages/our-mortgages/fixed-rate/purchases-and-remortgages/3-year-fixed/100-ltv/#sthash.7SjP6KSy.dpuf
Maximum LTV 100%
Initial Rate 5.18%
Aldermore Managed Rate (AMR) The Aldermore Managed Rate is the variable rate set by Aldermore 4.73%
APRC The Annual Percentage Rate of Charge (APRC) can be used to compare the total cost of different mortgage products. 5.7%
Product Fee £999
Application Fee £299
Reversion Rate 5.48%
AMR + 0.75%
Early Repayment Charge

4% year 1
3.5% year 2
3% year 3

Overpayments Overpayments up to the maximum amount of the guarantee can be made during the early repayment charge period without incurring an early repayment charge.
Valuation Fee
Property
value
Standard
valuation fee
£0 - £100,000 £325.00
£100,001 - £150,000 £370.00
£150,001 - £200,000 £370.00
£200,001 - £300,000 £480.00
£300,001 - £400,000 £580.00
£400,001 - £500,000 £650.00
£500,001 - £600,000 £695.00
£600,001 - £700,000 £765.00
£700,001 - £800,000 £845.00
£800,001 - £900,000 £915.00
£900,001 - £1,000,000 £960.00
£1,200,001 - £1,400,000 £1070.00
£1,400,001 - £1,600,000 £1185.00
£1,600,001 - £1,800,000 £1295.00
£1,800,001 - £2,000,000 £1410.00
£2,000,001 - £2,200,000 £1520.00
£2,200,001 - £2,400,000 £1635.00
£2,400,001 - £2,600,000 £1745.00
£2,600,001 - £2,800,000 £1860.00
£2,800,001 - £3,000,000 £1970.00
£3,000,001 - £3,200,000 £2085.00
£3,200,001 - £3,400,000 £2195.00
£3,400,001 - £3,600,000 £2310.00
£3,600,001 - £3,800,000 £2420.00
£3,800,001 - £4,000,000 £2535.00
£4,000,001 - £4,200,000 £2645.00
£4,200,001 - £4,400,000 £2760.00
£4,400,001 - £4,600,000 £2870.00
£4,600,001 - £4,800,000 £2985.00
£4,800,001 - £5,000,000 £3095.00

Where a more detailed report is required, the Valuer will collect the additional fee direct from the applicants. The valuation fee is not refundable once the valuation has been carried out. Aldermore will enter into commercial agreements for the provision of valuation reports. The valuation report will be for the benefit of Aldermore Bank PLC, although a copy will be provided to the applicant and their Solicitor with the mortgage offer.

Adding Fees Product and Funds Transfer fees will be deducted from the advance and cannot be added to the loan
Minimum Loan Amount £25,000.00
Maximum Loan Amount £250,000.00

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE 

Representative Example

A mortgage of £123,500 payable over 25 years, initially on a fixed rate for 3 years at 5.18% and then on our current variable rate of 5.48% for the remaining 22 years, would require 36 monthly payments of £734.98 followed by 264 payments of £754.95. The total amount payable would be £226,915.08 made up of the loan amount plus interest (£102,565.08) and a valuation fee £370 and estimated legal fees of £480.


The overall cost for comparison is 5.7% APRC representative.

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