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BBC News - Business - Wed, 08 Feb 2012 22:32:08 GMT

BBC News - Business - Wed, 08 Feb 2012 22:37:13 GMT
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Cisco sees profits rise over 43% - Wed, 08 Feb 2012 16:00:11 GMT
RBS boss: I considered resigning - Wed, 08 Feb 2012 17:57:31 GMT
A380 wing crack checks extended - Wed, 08 Feb 2012 19:04:12 GMT
Nokia to carry out 4,000 job cuts - Wed, 08 Feb 2012 17:15:17 GMT
 
 

A&L launches specialist products

Alliance & Leicester (A&L) has added three specialist products to its range.

7 March, 2007

The tracker and fixed rate products are:

  • Buy-to-let - Two-year Base Rate tracker FeeSaver 5.81 per cent (BBR + 0.59 per cent), maximum loan-to-value (LTV) 75 per cent. No arrangement fee, free valuation and £250 cashback. 110 per cebt rental cover required. Early repayment charge (ERC) 6 per cent until 31 March 2008 then 5 per cent until 31 March 2009.
  • Buy-to-let – Two-year fixed rate 5.18 per cent, maximum LTV 75 per cent, arrangement fee - £1,999. 100 per cent rental cover required. ERC 6 per cent until 31 March 2008 then 5 per cent until 31 March 2009.
  • Self-certified – Two-year fixed rate 5.84 per cent, maximum LTV 85 per cent, arrangement fee - £1,300. ERC 6 per cent until 31 March 2008 then 5 per cent until 31 March 2009. No income checks.
Jeremy Claridge, head of specialist mortgages at Alliance & Leicester, commented: “Following broker feedback and demand we are introducing a FeeSaver option to our buy-to-let range. This deal minimises entry costs for remortgaging or developing a buy-to-let portfolio, and has no arrangement fee, a free valuation and £250 cashback. It will particularly suit landlords with lower value properties in Scotland and the North of England. We’ve also maintained our very competitive pricing on the rest of our range of deals.”


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