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13 Aug 2020

News

Alliance & Leicester - New Mortgage Deals 2 April 2007

ALLIANCE & LEICESTER – NEW MORTGAGE DEALS

Alliance & Leicester is launching a highly competitive new range of mortgages, which are available from Monday 2 April and include:

 

Two Year Fixed Rate (rate reduced)

  •         4.99% (7.2% APR) fixed until 30 April 2009, then Standard Variable Rate (currently 7.39%)
  •         Customers can borrow up to 95% of the property value
  •         Product fee - £999
  •         Maximum loan - £250,000
  •         Early repayment charge – 3% of the outstanding balance if the mortgage is redeemed before 30 April 2009
  •         10% overpayment facility

 

Three Year Fixed Rate (rate reduced)

  •         5.29% (7.1% APR) fixed until 30 April 2010, then Standard Variable
    Rate (currently 7.39%)
  •         Product fee - £599
  •         Maximum loan - £999,999
  •         Early repayment charge – 3% of the outstanding balance if the mortgage is redeemed before 30 April 2010
  •        10% overpayment facility                                                                         

        

Five Year Fixed Rate (rate reduced)

  •         5.33% (6.8% APR) fixed until 30 April 2012, then Standard Variable
    Rate (currently 7.39%)
  •         Product fee - £599
  •         Maximum loan - £999.999
  •         Early repayment charge – 3% of the outstanding balance if the mortgage is redeemed before 30 April 2012
  •         10% overpayment facility

 

Stephen Leonard, Director of Mortgages at Alliance & Leicester said:

“With growing uncertainty about the direction of interest rates in 2007, we’re offering some market leading fixed rates to give borrowers that all-important budgetary certainty.  We’ve reduced the rates on all our fixed rate mortgages to introduce some truly cracking headline rates whilst still offering a wide choice of deals to suit borrowers’ individual needs – whatever their circumstances!”

For further information, please contact:

Alliance & Leicester Press Office 0116 200 3355

Notes to Editor:For further information on Alliance & Leicester mortgage offers, customers should visit their local Alliance & Leicester branch, speak to their mortgage intermediary, call Mortgage Direct on 0800 015 0559 (8am–9pm Monday to Friday, 9am–5pm Saturday, 10am–4pm Sunday) or go online at www.alliance-leicester.co.uk 

 

 

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

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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We normally do not charge a fee for mortgage advice, however this is dependent on your circumstances. Our typical fee would be £500