Alliance & Leicester, the UK’s ninth-largest mortgage lender, has increased interest rates for new customers with less than a 25% deposit.Borrowers needing to raise between 76% and 90% of a property’s value will now be charged 6.49% on a two-year fixed-rate mortgage, rather than 5.74%.The 0.75 percentage point increase adds £864 per annum to the [...]
A&L hikes rates for low deposit borrowers
