Alliance & Leicester enhances specialist mortgages

Tuesday, 06 March 2007 12:00

From Wednesday March 7th new specialist mortgage deals from Alliance & Leicester are being released.

These include buy-to-let mortgages and self certified mortgage deals.

“Following broker feedback and demand we are introducing a FeeSaver option to our buy-to-let range,” said Jeremy Claridge, specialist mortgage manager at Alliance & Leicester.

“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.”

New deals

  • Buy-to-Let – 2 year Base Rate Tracker FeeSaver 5.81% (BBR + 0.59%), maximum LTV 75%. No arrangement fee, free valuation¹ and £250 cashback². 110% rental cover required. ERC 6% until 31/03/2008 then 5% until 31/03/2009.
  • Buy-to-Let – 2 year Fixed Rate 5.18%, maximum LTV 75%, arrangement fee – £1,999. 100% rental cover required. ERC 6% until 31/03/2008 then 5% until 31/03/2009.
  • Self Certified – 2 year Fixed Rate 5.84%, maximum LTV 85%, arrangement fee – £1,300. ERC 6% until 31/03/2008 then 5% until 31/03/2009. No income checks.

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