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Aldermore offers further support for first time buyers with small deposits

POSTED: 12th February 2019
IN: Newsroom
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Demonstrating its ongoing commitment to those looking to take the first step onto the property ladder, for a limited time Aldermore is offering free standard valuations on their high LTV purchase-only products, with no product fees. This goes some way to ensure that precious savings are not eaten into unnecessarily by additional expenses.

Available immediately with free valuation1 and no product fees (but for a limited time only):

  • Purchase Only: 2 year fixed rate up to 90% LTV – 4.58%
  • Purchase Only: 2 year fixed rate up to 95% LTV – 5.08%
  • Purchase Only: 5 year fixed rate up to 90% LTV – 4.68%
  • Purchase Only: 5 year fixed rate up to 95% LTV – 5.18%

Damian Thompson, Director of Mortgages, Aldermore, comments: “There are many in the UK who are able to afford mortgage repayments, but are hindered by the struggle to raise an adequate deposit and pay the associated fees involved in buying. This is starkly illustrated in our latest First Time Buyer Index, which found that raising a deposit still remains the biggest obstacle for one in four (26%) prospective first time buyers.

“We want to continue to offer a variety of products that provide additional support to new buyers struggling to navigate the often complex and challenging housing conditions in the UK, so they can turn home ownership into a reality.”

Full details of our wider Standard Mortgage Range pricing can be found in our Residential product guide

*Ends*

1 This free valuations incentive is only available on our purchase only, no product fee, High-LTV products in England and Wales. Where the vendor has provided a home report for a Scottish property, we will continue to accept a copy of this report in place of our own.

For further information, journalists can contact:

Gareth Hill, Press Office – Mortgages, Aldermore
Mobile:          07721 127514
Email:            gareth.hill@aldermore.co.uk