The product is available for loans up to £400,000.
Aldermore has reduced its 95% loan-to-value 2-year fix from 4.78% to 4.58%.
The product is available for loans up to £400,000.
Damian Thompson, director of mortgages, Aldermore, said: “Raising a deposit remains the biggest barrier to those looking to purchase their first home.
“Many in the UK are in a position where they are able to afford mortgage repayments but are being frustrated by the struggle to raise a substanial deposit, so we want to continue to open up options for them to turn home ownership into a reality.”
