Money News
Alliance & Leicester has launched a new range of residential and Buy to Let mortgage products - the range including 3 and 5-year fixed rate deals and a new Base Rate tracker remortgage offer.
The 3-Year Fixed Rate - at 5.35% - runs through April 30th 2011, before reverting to the bank's Standard Variable Rate.
Maximum LTV is 90% with a 2% arrangement fee. Maximum loan is £1 million. A 10% overpayment facility is available.
The 5-year fix meanwhile charges 5.79% through April 30th 2013. Terms and conditions are the same as for the 3-year deal.
Also being made available is a 2-Year Remortgage Base Rate Tracker charging 6.04% (BBR +0.79%), then Base Rate +0.99%.
Maximum LTV is 90% with a 2% arrangement fee. Maximum loan is £1 million. There are no early repayment charges.
The loan comes with a free valuation as well as a £250 cashback or use of the bank's mortgage transfer service designed to speed up the buying process.
The final offers being launched include two Buy to Let 2-year Fixed Rate deals charging 5.34% and 6.29% respectively, then reverting to Base Rate + 2.19%.
Maximum LTV is 85% with a 10% overpayment facility present.
The former offers a maximum loan of £500,000, the latter, £250,000.
Arrangement fees are 2.50% and £999 respectively.
07 March 2008 © Moneyextra.com
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