Aldermore has today launched its Help to Buy: mortgage guarantee range under the government’s scheme.

The mortgage guarantee is available on remortgages as well as new purchases. It will offer two-year fixed rate mortgages for loans between 85.01% and 95%.

Aldermore will be offering two products: a 4.98% fixed rate mortgage up to 90% LTV and a 5.28% fixed rate mortgage up to 95% LTV. There will be a £999 fee on both.

Meanwhile, Aldermore is raising the LTV available from 80% to 85% on some of its mortgage products, which lie outside the Help to Buy: mortgage guarantee scheme.

Charles Haresnape, managing director of Residential Mortgages at Aldermore, said: “We are delighted to be launching our Help to Buy: mortgage guarantee products today. We are committed to lending to homeowners in the UK, especially those with small deposits, to get on the housing ladder and those who are unable to access mortgages from traditional high street lenders, despite being creditworthy.

“We are delighted to be offering remortgages under the scheme as well.”