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A&L launches range of products

Amanda Jarvis

June 2, 2006

* Intermediary special – remortgage two-year Base Rate tracker
* Bank of England Base Rate minus 0.01 per cent for two years, current rate 4.49 per cent (6.5 per cent APR) then Standard Variable Rate, currently 6.59 per cent
* Customers can borrow up to 95 per cent of the property value
* £499 product fee
* Early repayment fee – 3 per cent of the loan if the mortgage is redeemed during the two year offer period
* Free valuation
* Full flexible features
* £250 cashback or Mortgage Transfer Service for remortgage customers
* Maximum loan – £250,000
* Five year discount fully flexible (product fee cut by £200)
* 1.8 per cent discount off Alliance & Leicester’s Standard Variable Rate (currently 6.59 per cent) for five years – current rate: 4.79 per cent (6.0 per cent APR) then Standard Variable Rate
* Customers can borrow up to 95 per cent of the property value
* Product fee – £99
* No early repayment charge
* Full flexible features
* Maximum loan – £999,999

Mehrdad Yousefi, head of intermediary mortgages, said: “We are introducing a special two-year base rate tracker remortgage deal only available through brokers. This deal offers a highly competitive tracker rate with incentives such as free valuation plus free legals or cashback.  This latest offer follows feedback from brokers. 

“We’re also continuing to buck the trend by cutting the product fee on our five year discount deal by a further £200 to just £99, this deal also has no tie-in and a competitive rate which makes it well worth consideration.”


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