New specialist mortgage deals from Alliance & Leicester

Alliance & Leicester is amending its current range of fixed rate specialist mortgages and its Near Prime Base Rate Trackers.

The new mortgage range is available from Wednesday 10 January and includes:

Market leading tracker and fixed rate products:

Buy-to-Let – 2 year Base Rate Tracker 5.00% (0.00% BBR tracker), maximum LTV 75%, arrangement fee - £999. ERC 6% until 31/03/2008 then 5% until 31/03/2009.

Self Certified – 2 year Base Rate Tracker 5.04% (BBR plus 0.04%), maximum LTV 85%, arrangement fee - £999. ERC 5% until 31/03/2009.

Near-Prime – 2 year Fixed Rate 6.09%, maximum LTV 80%, arrangement fee - £799.
Free valuation. Remortgagers receive £250 cashback. ERC 6% until 31/03/2008 then 5% until 31/03/2009.

Self Certified Near-Prime - 2 year Base Rate Tracker 5.99%
(BBR plus 0.99%) maximum LTV 80%, arrangement fee - £799.
ERC 6% until 31/03/2008 then 5% until 31/03/2009.

Mehrdad Yousefi, Head of Intermediary Mortgages at Alliance & Leicester comments: “Our first re-price of the New Year offers a range of market-leading fixed rate and base rate tracker specialist deals. Our mortgages come with a ‘fixed’ arrangement fee and either a low headline rate or low up-front costs which offers great choice and value for money.”