Alliance & Leicester specialist mortgage deals announced

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Alliance & Leicester specialist mortgage deals announced

Alliance & Leicester has announced a range of new specialist mortgage deals, to be available from August 7th.

Two prime self-cert and two near-prime packages are to be sold. The first prime self-cert has a two-year fixed rate of 6.14 per cent, while the second has a two-year tracker rate of 0.15 per cent below the base rate.

The first near-prime product is a buy-to-let mortgage with a two-year fixed rate of 6.05 per cent and the second has a two-year fixed rate of 6.03 per cent.

Jeremy Claridge, head of specialist mortgages at Alliance & Leicester, said that the new products are the result of continual review to ensure customers get "real choice and value for money".

"We recognise that an individual's personal circumstances and borrowing needs can change. Our latest self-cert and near-prime deals are available to both new and existing borrowers who are either moving home or seeking to remortgage."

Last week, Alliance and Leicester raised its standard variable rate (SVR) on its mortgage offering by 0.25 per cent.

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