Aldermore offers 80% LTV for FTBs

Aldermore is accepting first time buyer mortgages up to 80% LTV in a string of changes to its mortgage range.

The maximum loan sizes are being increased to £600,000 for 75% LTV and £400,000 to 80% LTV.

Aldermore is also offering prospective buy-to-let landlords the opportunity to buy two properties per applicant.

Two more two year fixes at 80% LTV and rates from 4.78% are being introduced.

And the existing three and five year fixed deals are being improved and now start at  4.88% and 4.98% respectively.

Colin Snowdon, chief executive of Residential Mortgages at Aldermore, says: “Our proposition is to help creditworthy borrowers with non-standard mortgage requirements and the enhancements being announced today enable us to help a wider range of applicants, including first time buyers and buy to let landlords who want to finance one or two properties.

“We have also increased our maximum loan sizes to help borrowers in higher  house price areas such as London and the South East and we’ve introduced a new two year fixed rate. These changes, combined with our existing two year discounts which start from 3.98% and our recently launched Limited Edition range, mean that we are able to satisfy an even wider range of client needs.”

Aldermore’s products are available via any of its distribution partners, which include: 3mc, BDS, Intrinsic, Legal & General, Mortgages for Business, Mortgage Intelligence, Mortgage Next, Pink, Platinum, PMS, PTFS and Sesame.