Improved specialist mortgage deals from Alliance & Leicester

Alliance & Leicester’s Prime Self Cert and Near Prime deals have been improved to become even more competitive with fixed rates reduced and end dates extended.

They are available via brokers from 7 August 2007 and include:

Prime Self Cert – 2 year fixed rate 6.14%, until 31 October 2009, maximum 85% LTV, arrangement fee £1,999, with 6% ERC for two years (previously 6.24%)

Prime Self Cert – 2 year tracker (BBR -0.15%), until 31 October 2009,maximum LTV 85%, arrangement fee £1,999, ERC 6% year one, 5% year two. Reverts to BBR +2.14%

Near Prime Buy To Let – 2 year fixed rate 6.05% until 31 October 2009,maximum 75% LTV, arrangement fee £1,999, with 6% ERC for two years. Reverts to BBR +2.49% (previously 6.15%)

Near Prime – 2 year fixed rate 6.03%, until 31 October 2009, maximum 75% LTV, arrangement fee £1,999, with 6% ERC for two years. Reverts to BBR +2.39% (previously 6.13%)

Jeremy Claridge, Head of Specialist Mortgages at Alliance & Leicester, says: “We are continuing to review and improve our specialist mortgages to ensure they offer real choice and value for money. We recognise that an individual’s personal circumstances and borrowing needs can change. Our latest Self Cert and Near Prime deals are available to both new and existing borrowers who are either moving home or seeking to remortgage.”