First Time Buyers

Struggling to raise a deposit? Try Aldermore. We offer a 100% mortgage which needs no deposit via our Family Guarantee Mortgage.

Aldermore's Family Guarantee Mortgage is designed for first or second time buyers who have little or no deposit but have a parent, step parent or grandparent able to provide a guarantee secured against their residential property.

Applicants must be able to afford repayments on the full 100% advance and have a clean credit profile.

• Available up to 100% LTV, subject to guarantee
• No deposit - enables applicants with little or no deposit to purchase a property
• Guarantee - secured against the guarantors residential property requiring no cash in the form of a gifted deposit
• The amount of guarantee is capped
• Minimum age of applicant: 25 years, Maximum age of Guarantor: aged 70 at the end of 10 year guarantee period
• Simple application process

 

To see how our Family Guarantee Mortgage could work for you, take a look at our case study examples or view our First Time Buyer guide.

Find out more and apply

 

 

 

NewBuy Scheme

Aldermore has become the first challenger bank to participate in the Government's NewBuy scheme, designed to help homebuyers with a limited deposit acquire a newly built home. Our NewBuy mortgages are available to first time buyers and home movers purchasing a new house or flat from selected developers. See a list of participating developers and more information on our NewBuy page.

 

 

 

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE