New mortgage deals from Alliance & Leicester

Alliance & Leicester is launching a new range of residential and Buy to Let products, which are available from Tuesday 8 April 2008. The range includes:

Two Year Fixed Rate – 5.84%

5.84% fixed until 30 June 2010, then Standard Variable Rate
Customers can borrow up to 90% of the property value
Arrangement fee - £999
Maximum loan £250,000
10% overpayment facility

Buy to Let Two Year Fixed Rate - 5.54%

5.54% fixed until 30 June 2010, then Bank Base Rate +2.14%
Customers can borrow up to 85% of the property value
Arrangement fee – 2.5%
Maximum loan - £500,000
10% overpayment facility

Richard Taylor, Head of Mortgages at Alliance & Leicester comments: “This new range of mortgage products continue to present a good choice of residential and Buy to Let products with customers being offered a choice of rates, product fees and the term they would like their mortgage to run.”