Aldermore reveals details of Help to Buy range

Aldermore has today launched its range of products for the second phase of Help to Buy.

The challenger bank will offer the mortgage guarantee on remortgage products as well as those for house purchase.

Two products are offered – a two-year fixed rate up to 90 per cent LTV, priced at 4.98 per cent, and a 95 per cent LTV two-year fix is offered at 5.28 per cent.

Both products carry a £999 fee.

RBS/NatWest, Lloyds, HSBC and Virgin Money have already released their Help to Buy 2 products, with Santander and OneSavingsBank yet to announce product details.

Aldermore managing director of residential mortgages Charles Haresnape says: “We are delighted to be launching our Help to Buy 2 products today. We are committed to lending to homeowners in the UK, especially those with small deposits, to get on the housing ladder and those who are unable to access mortgages from traditional high street lenders, despite being creditworthy.

“We are delight to be offering remortgages under the scheme as well.”