Alliance & Leicester 'improves' mortgage range

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Alliance & Leicester 'improves' mortgage range

A new Alliance & Leicester specialist mortgage range has been introduced today with the key feature being reduced rates.

Mehrdad Yousefi, head of intermediary mortgages at Alliance & Leicester, explained that "significant improvements" had been made to the bank's mortgage range and rates had now been "sharpened".

Selected products will require buy-to-let rental cover of only 100 per cent, following the rejig of its product range and the Alliance & Leicester buy-to-let two-year fixed-rate mortgage is available for 5.18 per cent and an arrangement fee of £1,999.

Mr Yousefi said: "We now also offer some self-certification and buy to let deals at 90 per cent LTV, which makes our range even more accessible. These changes result from broker feedback and they further strengthen Alliance & Leicester's proposition to them and their clients."

The Alliance & Leicester self-certified two-year fixed-rate mortgage comes with a rate of 5.84 per cent, an arrangement fee of £1,300 and a maximum loan-to-value of 90 per cent.

In addition, the Alliance & Leicester near prime two-year fixed-rate product has a rate of 5.84 per cent, requires an arrangement fee of £999 and a maximum loan-to-value of 80 per cent.

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