Aldermore launches 100% no deposit guarantor mortgage | Mail Online
Aldermore Bank has launched a 100 per cent mortgage deal which will allow homebuyers to borrow the full amount of a property’s value, without putting down a cash deposit.
The small bank, which was launched in 2009, is the first lender to offer a new mortgage at 100 per cent since the widespread withdrawal of these high loan-to-value (LTV) deals during the financial crisis.
But to obtain the loan, potential homebuyers will need to secure a guarantor, such as a parent, grandparent or guardian, who is willing to support it.
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