New specialist mortgage deals from Alliance & Leicester

Alliance & Leicester is enhancing its range of specialist mortgages. The new range is available from Friday 13 April and includes:

Buy-to-Let - 2 year Base Rate Tracker 5.09% (BBR – 0.16%), maximum LTV 85%, arrangement fee £1,999. 100% rental cover required at BBR + 1%. ERC 6% until 30/06/2009.

Buy-to-Let - 2 year Fixed Rate 5.39%, maximum LTV 75%. Arrangement fee £1,999. 100% rental cover required at BBR + 1%. ERC 6% until 30/06/2009.

Self Certified - 2 year Base Rate Tracker 5.15% (BBR – 0.10%), maximum LTV 85%, arrangement fee £1,399. ERC 6% until 30/06/2008 then 5% until 30/06/2009.

Near Prime – 2 year Fixed Rate 5.99%, maximum LTV 80%, arrangement fee - £999. Free valuation and £250 cashback. ERC 6% until 30/06/2009.

Jeremy Claridge, Head of Specialist Mortgages at Alliance & Leicester says: “Our latest range is extremely competitive with rates starting at just 5.09%. We’ve introduced some new lower priced buy-to-let and self cert products with fixed arrangement fees giving brokers even more choice! Following broker feedback we have also extended our popular FeeSaver deals – with minimal up-front costs - into the prime self cert marketplace giving borrowers a real value for money option when it comes to buying a home or remortgaging.”