Alliance & Leicester Five-Year Discount Fully Flexible mortgage available
www.moneynews.co.uk > Mortgages > Alliance & Leicester Five-Year Discount Fully Flexible mortgage available
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Money News |
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Alliance & Leicester Five-Year Discount Fully Flexible mortgage available
Thu 27th Apr 2006
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This offer includes a 1.8 per cent discount off the provider's standard variable rate for five years, giving it a current rate of 4.79 per cent.
A maximum loan-to-value (LTV) of 95 per cent is allowed, there are no early repayment charges (ERCs) and a product fee of £299 applies.
The product has a number of flexible features, including the opportunity to overpay every month by any amount, with the option to borrow this money back at a later date, as well as underpayments and payment holidays.
The Alliance & Leicester Five-Year Discount Fully Flexible mortgage offers a maximum loan of £999,999.
Also announced was a Two-Year Base Rate Tracker FeeSaver mortgage, which will track at 0.49 per cent above the base rate for two years and offer 95 per cent LTV, without any product fee and free valuation.
ERCs of three per cent of the loan will be incurred if any of the mortgage is repaid during the opening two-year period.
"Our latest range of mortgages continues to offer choice and value for money for our customers," said Stephen Leonard, director of Alliance & Leicester mortgages.
"We've reduced the rate on our two-year base rate tracker and cut the product fee on our five-year discount, both these variable deals will suit those who have a degree of flexibility in their budget."
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Related News : Alliance & Leicester |
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