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
The opinions expressed in this blog are of the author only and do not necessarily represent the opinions of Blackadders LLP.
Blackadders takes all reasonable steps to ensure that the content of this blog is accurate and up to date. The blog is not, however, intended as a substitute for seeking legal or other professional advice but rather as an informative guide to the services provided by Blackadders and topical legal developments. Blog users should always seek advice tailored to their specific situation. Consequently, Blackadders accepts no responsibility for any loss or damage suffered by anyone acting or failing to act on the basis of information contained on this blog. Downloading of material contained on this site is at the user’s own risk and all necessary virus checks must first be carried out by the user. Blackadders is not responsible for the material found on any web sites linked to this one and links to this site may only be made with Blackadders prior consent.
Blackadders owns the copyright in this blog and all material contained on it. The material on this blog may be downloaded for personal use only and must not be altered. Otherwise, Blackadders’ written consent is required before any material on this site is reproduced, copied or transmitted in any way.
Information passed to us via this blog is kept confidential and will not be disclosed to third parties except if authorised by you or required by law.
© Blackadders LLP 2020
Members of the Law Society of Scotland.
Blackadders Solicitors is a trading name of Blackadders LLP, a limited liability partnership, registered in Scotland No SO301600 whose registered office is 30 & 34 Reform Street, Dundee, DD1 1RJ. Reference to a ‘partner’ is to a member of Blackadders LLP.