Alliance & Leicester Five-Year Discounted mortgage available

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www.moneynews.co.uk > Mortgages > Alliance & Leicester Five-Year Discounted mortgage available

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Alliance & Leicester Five-Year Discounted mortgage available

An Alliance & Leicester Five-Year Discounted mortgage is currently open to borrowers, with a current rate of 4.79 per cent.

At the end of the introductory five-year period, this package will revert to the standard variable rate at the time – this is currently 6.59 per cent.

The overall cost for comparison on the Alliance & Leicester Five-Year Discounted mortgage is 6.1 per cent annual percentage rate, product website Mortgage Introducer reports.

An early repayment charge will come into effect on any amount of a borrower's loan which is repaid in the five-year discounted period.

An arrangement fee of £499 comes with this mortgage – this can be added top the loan amount. A valuation fee of £280 is also payable.

Alliance & Leicester is the UK's seventh largest bank, with around 5.5 million customers.

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