A&L launches mortgage range

Alliance & Leicester has unveiled its latest range of prime, self-cert, near prime and buy-to-let mortgage deals.

The range includes a self-cert two-year fixed rate from 5.69%, with maximum LTV 85%, an arrangement fee of £1,999 and an early repayment charge of 6% until August 31 2009.

The near prime range includes a two-year fixed rate from 5.69%, with maximum LTV 80%, an arrangement fee of £1,999 and ECR of 6% until August 31 2009.

The near prime buy-to-let range includes a two-year fixed rate from 5.84%, with maximum LTV 75%, arrangement fee of £1,999, 110% rental cover required at bank base rate plus 1% and ERC 6% until August 31 2007.

Jeremy Claridge, head of specialist mortgages at Alliance & Leicester, says: “Our latest range continues to offer real value for money and choice to those borrowers who need to either self-cert or credit repair.

“We have market-leading two-year self-cert fixed rates from just 5.69% and competitive two-year near prime and near prime fixed rates starting at 5.69% and 5.84%.

“We’ve also extended the product benefit period by two months across the range to now end on August 31 2009.

“These mortgages, along with the rest of the range, offer great choice and value to both brokers and borrowers.”