New Alliance & Leicester mortgage deals

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New Alliance & Leicester mortgage deals

New residential, buy-to-let and PlusMortgage products have been launched by Alliance & Leicester (A&L).

These include a two-year base rate tracker at 5.74 per cent where customers can borrow up to 90 per cent of the property value.

Previously borrowers on a similar option could opt to take out a 95 per cent mortgage.

The two-year fixed-rate mortgage at 5.87 per cent has an overpayment facility of ten per cent, as does the buy-to-let two-year base rate tracker at 5.79 per cent.

In addition, the latter has a maximum loan amount of £250,000 and a product fee of £1999.

The lender's standard variable rate for existing customers will fall to 7.69 per cent from 7.89 per cent at the beginning of January.

Head of mortgages Richard Taylor said: "Our fixed rate mortgages remain competitive for those who seek budgetary security and the base rate tracker remains an excellent option."
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