Alliance & Leicester launches new prime mortgage deals
Alliance & Leicester is launching new prime mortgage deals which will be available from Wednesday 20 December.These include:
Two Year Tracker with improved rate (reduced by 0.15%)
4.69% (6.0%APR) tracking Bank of England Base Rate minus 0.31% for two years, then Bank of England Base Rate plus 0.99% (currently 5.99%).
Available to those buying or moving house, and all existing Alliance & Leicester mortgage customers
Customers can borrow up to 95% of the property value
Maximum loan - £250,000
Product fee - £599
Early repayment charge – 3% of the outstanding balance if the mortgage is redeemed during the two year offer period
Full flexible features
Two Year Tracker FeeSaver with improved rate (reduced by 0.10%)
5.14% (6.0% APR) tracking Bank of England Base Rate plus 0.14% for two years, then Bank of England Base Rate plus 0.99%.
Ideal for new and existing Alliance & Leicester borrowers looking for a deal that gives them a competitive rate whilst minimising upfront borrowing costs
Customers can borrow up to 95% of the property value
Maximum loan - £999,999
No product fee
Free valuation
Remortgagers get £250 Cashback or free Mortgage Transfer Service
Early repayment charge – 3% of the outstanding balance if the mortgage is redeemed during the two year offer period
Full flexible features Two Year Tracker – for remortgagers
4.94% (6.0% APR) tracking the Bank of England Base Rate minus 0.06% for two years, then Bank of England Base Rate plus 0.99% (currently 5.99%).
Available for those remortgaging to Alliance & Leicester, and to all existing Alliance & Leicester mortgage customers
Customers can borrow up to 95% of the property value
Maximum loan - £999,999
Product fee - £599
Free valuation
£250 Cashbackor free Mortgage Transfer Service
Early repayment charge – 3% of the outstanding balance if the mortgage is redeemed during the two year offer period
Full flexible features
Stephen Leonard, Director of Mortgages at Alliance & Leicester comments: “The latest mortgages from Alliance & Leicester demonstrate our recognition of both new and existing borrowers. Unlike some other lenders, we ensure our existing borrowers have our best deals available to them ensuring a level playing field with new borrowers.
“Alliance & Leicester continues to offer great mortgages with fixed rates held at previous levels despite rises in money market rates. Our 2 Year Tracker and FeeSaver mortgages are now even more attractive for purchasers and existing A&L borrowers thanks to the new lower rates. A new tracker mortgage for remortgagers offers a highly competitive rate, and also a helping hand on fees to ensure a hassle-free remortgage.”