Aldermore has joined the Help to Buy equity loan scheme.
The lender is offering a two-year fixed rate at 3.98 per cent, with a maximum LTV of 75 per cent. There is a £999 fee and a free standard valuation.
Aldermore is distributing through Acumen, Mortgage Bureau (not to be confused with Mortgage Advice Bureau), New Homes Group and RSC New Homes.
The lender is also offering the deal to direct customers.
Aldermore is already a part of the Help to Buy mortgage guarantee scheme. Aldermore managing director of mortgages and commercial lending Charles Haresnape (pictured) says: “We are delighted to be launching our Help to Buy equity loan mortgage. This complements our existing range of Help to Buy mortgage guarantee products and demonstrates our commitment to supporting first-time buyers, homemovers and housebuilders.
“It is essential that the supply of new and affordable housing is increased to keep pace with demand.
“Joining the Help to Buy equity loan scheme is one of the ways in which we can help support this. I’m confident that this will prove to be successful and we hope to roll the scheme out to additional brokers in due course.”