Best mortgage rates, remortgage deals,  equity release schemes
Impartial-Independent-Mortgage Advice

Site Search:

Add to Favorites - Compare mortgage ratesMortgage Update Newsletter

0800 801079


mortgage quote, remortgage quote, equity release quote Search mortgages

Alliance and Leicester announces range of new mortgage deals

Alliance and Leicester announces range of new mortgage deals
Alliance and Leicester has announced it will launch a new range of residential, buy-to-let and PlusMortgage products tomorrow (December 21st).

Included among the new mortgage products is a two year base rate tracker option, which offers a 5.74 per cent interest rate, 90 per cent loan-to-value (LTV) and a maximum loan of £1 million.

The lender has also added to its range of fixed rate mortgages with a two-year product, offering a 5.87 per cent fixed interest rate and 90 per cent LTV, as well as a 10 per cent overpayment facility.

At the same time, they have expanded their buy-to-let mortgage range with a new two-year base rate tracker product, allowing 85 per cent LTV and an interest rate of 5.79 per cent for landlords.

Richard Taylor, head of mortgages at the Alliance and Leicester, said: "Our fixed rate mortgages remain competitive for those who seek budgetary security and the base rate tracker remains an excellent option for those who hope to take further advantage of any potential rate cuts over the coming year."

Existing customers of the lender are also set to see a cut in rates, with the company set to reduce its standard variable rate by 0.20 per cent to 7.89 per cent on January 2nd, while homeowners with an existing base rate tracker mortgage will receive a 0.25 per cent cut in their interest rates at the same time.ADNFCR-1237-ID-18402274-ADNFCR
 

Related Articles

New buy to let mortgage rate

Mortgage Times, one of the countrys largest mortgage packagers has today announced the launch of a n...
Published: 23-Oct-2008

Buy to Let market strengthens

Figures released today by Your Move confirm the increasing popularity of renting a home, compared to...
Published: 23-Sep-2008

Sub Five per cent mortgage rate launched

The Mortgage Works has announced the launch of a two year fixed rate buy to let mortgage at less tha...
Published: 19-Aug-2008

Exclusive Kensington Buy to Let rate

Kensington Mortgages has today announced a new buy to let rate. The scheme is priced at 6.99% and is...
Published: 01-Jul-2008

Landlords expect increased demand from renters

According to research from Paragon Mortgages, a majority of private residential landlords expect the...
Published: 30-Jun-2008

Sign up for our eNewsletter

French, Spanish and overseas residential mortgages


Latest News:

HomeBuy Direct offers housing hope
As Christmas approaches, there could be the tiniest glimmer of hope for the housing market...
Published: 16-Dec-2008

Lenders make house price crash worse
According to the Royal Institute of Chartered Surveyors, it is the banks and mortgage lend...
Published: 10-Dec-2008

Banks Squeal Under Government Pressure
In a report published yesterday, the Council of Mortgage Lenders has tried to fight back a...
Published: 10-Dec-2008

Rate cuts have limited success
The Council of Mortgage Lenders have released statistics showing a slight increase in the ...
Published: 20-Nov-2008

Rss News Feeds

Mortgage News Feed

Best Mortgage Rates, Equity Release Schemes, Remortgage Deals, First Time Buyer Mortgages