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: 21 years, Maximum age of Guarantor: aged 70 at the end of 10 year guarantee period
- Simple application process
Find out more and apply
Or call us on0333 321 1001
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
FREE Expert Advice
Speak to one of our qualified Mortgage Advisers.
Call now: 0333 321 1001
Or email our mortgage teamEnquire Now
First Time Buyer Case Studies
David and Alison's story - "David and Alison want to buy their first house. Both have good jobs and adequate income, however like many young couples starting on the property ladder they don't have a sizable deposit..."See more