Alliance & Leicester five-year fixed rate mortgage launched
www.moneynews.co.uk > Mortgages > Alliance & Leicester five-year fixed rate mortgage launched
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Money News |
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Alliance & Leicester five-year fixed rate mortgage launched
Wed 21st Sep 2005
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The mortgage comes with a rate of 4.44 per cent until December 31st 2010, and thereafter the rate will stand at the Bank of England (BoE) base rate plus 0.75 per cent.
Customers can borrow 95 per cent of the loan to value, and there is a product fee of £395.
Stephen Leonard, director of mortgages at Alliance & Leicester said: "With fixed rates continuing to be extremely popular, we’ve responded to customer demand and improved our rates further."
The Alliance & Leicester five-year fixed rate mortgage also has an early repayment charge, which is three per cent of the outstanding balance if the customer redeems the mortgage before December 31st 2010.
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Related News : Alliance & Leicester |
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