Improved Alliance & Leicester mortgages introduced
www.moneynews.co.uk > Mortgages > Improved Alliance & Leicester mortgages introduced
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Money News |
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Improved Alliance & Leicester mortgages introduced
Thu 12th Oct 2006
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The bank now provides 115 per cent buy-to-let mortgage rental cover on three separate tracker products as well as the three-year fixed product.
Allied to this, a £100 bonus procuration fee is given to customers whose application is carried through to the completion stage.
Mehrdad Yousefi, head of intermediary mortgages at Alliance & Leicester, stated: "We continue to bring competition to the specialist lending sector offering brokers greater choice and value for money when it comes to buy-to-let, self-certification and near prime products."
The Alliance & Leicester buy-to-let mortgages range from two to three years and interest rates start at 4.90 per cent rising to 5.05 per cent. The Alliance & Leicester self-certified base rate tracker mortgage is a two-year loan with an interest rate of 5.25 per cent.
A buy-to-let mortgage is tailored towards landlords who purchase a house specifically to rent it out whereas a self-certified mortgage caters for the self-employed who may not be able to prove their income.
Related News : Mortgages |
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Related News : Alliance & Leicester |
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