Product category:
Banking / credit / debt
News Release from: Alliance & Leicester | Subject: Mortgages
Edited by the Insidemoneytalk Editorial
Team on 04 December 2006
Alliance and Leicester - New mortgage
deals
Alliance and Leicester is launching a highly competitive new range of mortgages, which are available from Monday 2 April and include:
Two Year Fixed Rate (rate reduced) 4.99% (7.2% APR) fixed until 30 April 2009, then Standard Variable Rate (currently 7.39%) Customers can borrow up to 95% of the property value Product fee - ?999 Maximum loan - ?250,000 Early repayment charge - 3% of the outstanding balance if the mortgage is redeemed before 30 April 2009 10% overpayment facility Three Year Fixed Rate (rate reduced) 5.29% (7.1% APR) fixed until 30 April 2010, then Standard Variable Rate (currently 7.39%) Product fee - ?599 Maximum loan - ?999,999 Early repayment charge - 3% of the outstanding balance if the mortgage is redeemed before 30 April 2010 10% overpayment facility Five Year Fixed Rate (rate reduced) 5.33% (6.8% APR) fixed until 30 April 2012, then Standard Variable Rate (currently 7.39%) Product fee - ?599 Maximum loan - ?999.999 Early repayment charge - 3% of the outstanding balance if the mortgage is redeemed before 30 April 2012 10% overpayment facility Stephen Leonard, Director of Mortgages at Alliance and Leicester said: "With growing uncertainty about the direction of interest rates in 2007, we're offering some market leading fixed rates to give borrowers that all-important budgetary certainty" "We've reduced the rates on all our fixed rate mortgages to introduce some truly cracking headline rates whilst still offering a wide choice of deals to suit borrowers' individual needs - whatever their circumstances!"
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