Alliance & Leicester is set to launch a range of mortgage products available via brokers, branches and call centers from 3 June.
The new range includes a two-year tracker at 5.89%, 75% LTV with a 2% fee and two new fixed-rate products: a two-year fix at 6.14%, 75% LTV with a 2% fee and a five-year deal at 7.14%, maximum 90% LTV with a £599 fee. In addition to the new range, the lender’s SVR - currently 7.19% - will no longer be available as a standalone mortgage to new mortgage customers. The financial advice industry has suffered as a number of lenders have pulled their broker ranges, but A&L maintains its products have always been available via intermediaries. IFAonline
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