Aldermore has announced the reintroduction of a broader range of mortgages for owner occupiers.

Aldermore’s reintroduced mortgages are specifically designed to do three things: help get FTBs onto the property ladder, provide greater mortgage choice for the self-employed, and offer mortgages to customers with historic credit issues who are struggling to get a mortgage elsewhere.

The mortgage products are organised over three levels of criteria, dependent on the customer’s credit profile:

Level 1: rates from 5.44% with a £1,999 fee, up to 95% LTV

Level 2: rates from 5.84% with a £1,999 fee, up to 95% LTV

Level 3: rates from 6.34% with a £1,999 fee, up to 80% LTV

Key features include:

Combined county court judgements (CCJs) and defaults up to £300 per applicant will now be ignored across all levels of criteria

Level 1 and Level 2: available up to 95% LTV

Level 3: historic mortgage loan arrears, CCJs and defaults from six months are permitted; a maximum of three missed unsecured loan payments in 12 months are allowed, as long as the customer is currently up to date

Aldermore director of mortgage distribution Jon Cooper commented: “We’re aiming to offer more people the option to achieve their homeownership goals. We back people to go for it in all walks of life; more choice for borrowers, increased resources for broker partners and ultimately, greater outcomes for those we serve. These latest changes cater to the diverse needs of today’s homebuyers.”