New specialist mortgage deals from Alliance & Leicester

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

Self Certified - 2 year Fixed Rate 5.34%, maximum LTV 85%, arrangement fee £1,999. ERC 6% until 30/06/2009.

Self Certified - 2 year Fixed Rate 5.84%, maximum LTV 90%, arrangement fee £1,999. 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 5.69%, maximum LTV 80%, arrangement fee - £1,999. ERC 6% until 30/06/2009.

Jeremy Claridge, Head of Specialist Mortgages at Alliance & Leicester says: “Yet again, we’ve launched some market-leading specialist deals. We’ve also been doing a lot of work with brokers to further improve our self-cert proposition to ensure we’re clear on the information we require to service applications even more quickly. If brokers can provide details of an applicant’s profession, and the declared income is reasonable we can give a quick decision.”

Jeremy Claridge continues: “This demonstrates our ongoing commitment to deliver great value and offer a wider choice of deals to those borrowers who earn a significant amount of bonus/commission, self-employed borrowers with this year’s accounts that have yet to be made up, and those who earn income from multiple sources or whose income is not regular.”