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NACFB: Maximise Your Membership Roadshow, Bristol
A&L launches best-buy 2-year tracker
Alliance & Leicester has launched a ‘best-buy’ 2-year tracker at Base Rate plus 2.45% (currently 2.95%) with a £499 fee and 75% Loan-to-Value.
The new product is available to homebuyers and remortgagers borrowing up to £250,000.
The best-buy tracker launch follows the new fee-free 3 and 4-year fixed rate remortgage and homebuyer deals, launched last week, offering rates of 4.69% and 4.79% respectively and available up to 75% LTV.
Nici Audhlam-Gardiner, Alliance & Leicester mortgage director, commented: "We remain committed to offering borrowers highly competitive deals whether remortgaging or buying a new home. Abbey Mortgages research shows that for those looking to remortgage, a third are looking for a tracker and of those, over half will choose a 2-year tracker. “
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