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Saturday 19th of June 2010
June 4, 2008    

Alliance & Leicester launches new mortgage range

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by Gill Montia
Alliance & Leicester launches new mortgage range

Alliance & Leicester has revamped its mortgage offering and is providing a range of new loans that became available from 3rd June.

The range comprises a two-year base rate tracker at 5.89% (BBR +0.89), reverting to base rate +1.49%. The loan-to-value ratio is 75% and the arrangement fee is 2% of the loan. Maximum loan £1 million. No early repayment charge.

Two-year fixed-rate at 6.14% (until 31st August 2010) reverting to lender’s standard variable rate. Loan-to-value ratio 75%. Product arrangement fee 2%. Maximum loan £1 million and there is an overpayment facility of 10%.

Five-year fixed-rate at 7.14% (until 31st August 2013) reverting to lender’s standard variable rate. Loan-to-value ratio 90%. Product arrangement fee £599. Maximum loan £1 million, overpayment facility 10%.

The mortgages are available via the lender’s branches, call centres and also through mortgage intermediaries.

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