Aldermore launches a 100% LTV mortgage

Aaron Strutt Image

Aldermore has launched a Family Guarantee Mortgage and it is available up to 100% loan to value.

The mortgage rate is fixed for three-years at 6.48%. Parents, step-parents or grandparents will have to provide a guarantee against their residential property for the amount above 75% loan to value.

The charge on the guarantors property can be repaid at any time, providing the loan falls below 75% of the property value. The bank has a guarantee period of 10 years on the parent's property and after this time there will be no further liability.

The Family First Guarantee Mortgage is being piloted by a limited number of estate agents over the coming months and if it is a success, is likely to be available via mortgage brokers.

Loans must be taken on a full capital repayment basis and the maximum mortgage is £250,000. The arrangement fees total £1249.

September 9, 2011

Get Started

Get started today

Speak to one of our mortgage experts. Book an appointment to come and see us or request one of our experts to call you.

Google Reviews
Trustpilot
Book a Consultation Talk to an Expert
As seen in
Sunday Times Telegraph Financial Times BBC News The Express The Times