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Financial News

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New mortgage deals from A&L

Alliance & Leicester has introduced a new range of mortgage products - the latest offers including a 2-year fix and 2-year base rate tracker.

The 2-year fixed rate deal charges 5.99% and runs through July 31st 2010, after which it reverts to the bank's standard variable rate.

Maximum LTV is 75% with a 2% product arrangement fee applying. Maximum loan is £1 million with a 10% overpayment facility available.

Also being made available is a 2-year Base Rate Tracker charging 5.89% (base rate + 0.89%), after which it reverts to base rate +1.49%.

Maximum LTV is 75% - again with a 2% product arrangement fee. However, there is no early repayment charge. Maximum loan is £1 million.

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