Aldermore has made changes to its standard product range to include first-time buyers. They are now accepted up to 80% LTV, with a minimum age of 25.
The lender will also allow applicants to have two buy-to-let properties.
Aldermore has also launched new two year fixes, available up to 80% LTV with rates from 4.78% and improved rates on three and five-year fixed rates – starting from 4.88% & 4.98% respectively.
It has also increased the maximum loan sizes to £600,000 to 75% LTV and £400,000 to 80% LTV.
Colin Snowdon, chief executive, residential mortgages at Aldermore, said: “Our proposition is to help creditworthy borrowers with non-standard mortgage requirements and the enhancements being announced today enable us to help a wider range of applicants