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-...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
