New Alliance & Leicester fixed-rate mortgages unveiled
www.moneynews.co.uk > Mortgages > New Alliance & Leicester fixed-rate mortgages unveiled
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Money News |
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New Alliance & Leicester fixed-rate mortgages unveiled
Fri 1st Jul 2005
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The Alliance & Leicester two-year fixed-rate stands at 4.44 per cent, or 5.5 per cent APR, and is fixed until August 31st 2007, after which time it is at the Bank of England base rate plus 0.75 per cent.
The five-year fixed-rate is fixed at 4.59 per cent, or 5.3 per cent APR, until August 31st 2010, after which time it is also the Bank of England base rate plus 0.75 per cent.
For both mortgages, customers are able to borrow up to 95 per cent of the property value, with a product fee of £395 and a ten per cent overpayment facility.
Stephen Leonard, director of mortgages at Alliance & Leicester, said: "Alliance & Leicester has once again benefited from buying money at lower rates on the money markets and is able to pass these onto our customers with lower interest rates on our latest mortgages.
"Fixed-rate mortgages continue to be extremely popular with both purchase and remortgage customers as well as first time buyers who appreciate the reassurance of a fixed monthly mortgage payment."
Related News : Mortgages |
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Related News : Alliance & Leicester |
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