Alliance & Leicester has launched several new mortgage products, including buy-to-let and tracker deals, as well as reducing rates on current offerings.
New products include a two-year fixed rate at 4.99% with a 2% arrangement fee and 90% LTV.
A three-year fixed rate deal has been added to the buy-to-let range at 5.74% with a 1.5% arrangement fee. Rental cover is 100% for loans up to 75% LTV and 120% for loans over 75% LTV.
A residential base rate tracker has also been launched, priced at 5.94% for two years with a 1% fee and no early redemption charge.
Changes to the existing range include a reduction in three-year and five-year fixed rates, down from 5.99% to 5.79%. Both products feature a £599 product fee and offer 90% LTV.
Buy-to-let two-year fixed rates have also been reduced, falling from 5.98% to 5.44% with a 2% arrangement fee and A&L’s standard rental cover criteria.
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