Two products are available under the scheme, a 2-year 4.98% fixed rate mortgage up to 90% LTV and a 2-year 5.28% fix up to 95% LTV. Both products carry a product fee of £999.
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 help them 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."