Following on from a previous blog regarding Aldermore’s 100% mortgage I advise that they have now launched, in conjunction with Hitachi Capital (UK), a 95% LTV mortgage. Charles Haresnape, Managing Director of Aldermore Residential Mortgages said “The single biggest issue holding back perfectly credit worthy house buyers is their inability to raise a sufficiently large deposit. Aldermore’s recently launched family guarantee mortgage provides an option for borrowers seeking 100% loans and this scheme gives those who can raise a 5% cash deposit yet another route to home ownership.” As I previously indicated I have been in communication with Aldermore who advised that whilst they are currently working on proposals to launch in Scotland they have not yet fixed a date. I will let you know as soon as I have further information. I welcome this as another positive step towards releasing much needed mortgage funds into the market and getting the first time buyers back buying.

Linday Darroch
Head of Property

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