Help to buy mortgages

The government schemes that are ideal for those who can afford to repay a mortgage but don't have a large deposit

As a specialist lending bank we’re proud to support the UK Government’s Help to Buy and London equity loan schemes which are designed to help first time buyers and home movers with a low deposit.

How it works:

Help to Buy: equity loan combines a government loan of up to 20% of the property’s value and a 5% deposit from you and a 75% mortgage.

The London Help to Buy Scheme works in exactly the same way as Help to Buy: equity loan but recognises the current difference in London property prices, giving new build home buyers access to an increased government equity loan of 40%.

To be eligible:

  • It must be a new build property built by a participating builder; 
  • It must be your main residence and only dwelling (you will not be intending to rent it out);
  • The mortgage must be capital and repayment (not interest only);
  • Maximum purchase price of £600k
  • The London Help to Buy Scheme is only available in the 32 London Boroughs or the city of London 

All the benefits of an Aldermore mortgage:

  • A lending decision in hours
  • Your own personal mortgage adviser throughout the application process
  • Our team of expert underwriters will assess your application on its own merits
  • A dedicated loyalty team to help you find the right deal at the end of your initial mortgage term
  • At any time during your mortgage term you can speak to one of our advisers for a review
  • As an award-winning bank, we go out of our way to ensure our products and services meet the needs of our customers

Some important points for you to know:


  • The scheme does not guarantee your mortgage payments. You are responsible for paying your mortgage under this scheme in exactly the same way as any other mortgage. The benefit to you is that it may enable you to get a mortgage to buy your home with a lower deposit
  • Our mortgage advice fee is £99 (non refundable)
  • We offer products with minimal upfront costs
  • We offer mortgages to customers from 21 years of age
  • Referral to a conveyancing service. When purchasing a property, a conveyancer or solicitor will act on your behalf and will provide information to us as your lender. We can introduce you to a suitable representative if required
  • Home and property insurance. We could help you find the policy to suit your needs. We work with an insurance broker who has access to a panel of leading insurance providers. Find out more by clicking this link, or ask your mortgage adviser for more details



Discover more

Mortgage guides


Discover more

Contact us


Discover more