Revised Mortgage Deals from Alliance & Leicester 21/09/2007
Alliance & Leicester is updating its variable rate mortgages from Friday, 21 September 2007. The new offers include:
Two year Base Rate Tracker 5.79% (BBR +0.04%) (previously 5.59%)
- Customers can borrow up to 95% of the property value
- Product fee - £599
- Early repayment charges apply for first two years
- Full flexible features1
- Maximum loan £999,999
Two year Base Rate Tracker 5.54% (BBR -0.21%) (previously 5.44%)
- Customers can borrow up to 95% of the property value
- Product fee - £1,499
- Early repayment charges apply for first two years
- Full flexible features
- Maximum loan £500,000
Two year FeeSaver Tracker 6.09% (BBR +0.34%) (previously 5.99%)
- Customers can borrow up to 95% of the property value
- No product fee
- Early repayment charges apply for first two years
- Full flexible features
- Free valuation²
- Remortgage cusomers get £250 Cashback or free Mortgage Transfer Service3
- Maximum loan £999,999
Richard Taylor, Head of Mortgage Products at Alliance & Leicester, said: “We are keeping our competitive fixed rate deals, but in line with the market our variable rates have been raised by a modest amount.
“Our portfolio of mortgages continues to offer customers a wide range of choice to ensure they benefit from the best possible deal that suits their needs. Alliance & Leicester’s FeeSaver option also continues to be a very popular choice for first time buyers and remortgage customers, who do not want any up-front fees.”
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Alliance & Leicester mortgages are available from brokers, or from Mortgage Direct on 0845 303 3000, online at www.alliance-leicester.co.uk or via the bank’s network of branches.
Notes
1 Full flexible features – allows customers to overpay every month by any amount, or in lump sums of £500 or more. With the overpayment “credit” customers can build up, they can borrow money back, take payment holidays or pay less in some months.
2 Free valuation – refunded upon completion.
3 Mortgage Transfer Service – offers convenience for customers, speeds up the remortgage process and helps to remove or lower the associated legal costs.
Think carefully before securing other debts against your home, your home may be repossessed if you do not keep up repayments on your mortgage.
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