Aldermore to offer 100pc mortgages

PRIVATE equity-backed Aldermore is set to be the first national lender to offer 100 per cent mortgages since the onset of the financial crisis.

The mortgages, which were discarded for being too risky, will rely on certain stipulations, such as being partially guaranteed by a parent.

Aldermore, which is owned by AnaCap, will offer the mortgage at a rate of 6.48 per cent on a three-year fixed deal, up to a maximum of £250,000. It adds to several local lenders offering similar loans.