New mortgage deals from Alliance and Leicester

Alliance andamp; Leicester is launching a new range of mortgage products, which will be available via brokers, branches and our call centre from Friday 9 May 2008.

The bank continues to offer a full prime residential portfolio to a maximum of 90% LTV, and has introduced lower rates for mortgages with a maximum LTV of 75%.

The new range includes a wide range of mortgage products with different features enabling customers to choose what term to fix over, whether to go for a no fee product, or to choose a product that tracks the Bank of England base rate.

The range includes: Two Year Fixed Rate - 5.99% 5.99% fixed until 31 July 2010, then Standard Variable Rate.

Customers can borrow up to 75% of the property value.

2% product arrangement fee.

Maximum loan - £1 million 10% overpayment facility.

Two Year Base Rate Tracker - 5.89% 5.89% (BBR +0.89%), then Base Rate +1.49%.

Customers can borrow up to 75% of the property value.

2% product arrangement fee.

Maximum loan - £1 million.

No early repayment charge.

Full flexible features [1].

1.

Full flexible features - allows customers to overpay every month by any amount, or in lump sums of £500 or more.

With the overpayment 'credit' customers can build up they can borrow money back, take payment holidays or pay less in some months.

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