Alliance & Leicester is launching a range of mortgages including a two-year fixed remortgage deal designed solely for brokers.The intermediary special features a 4.38% fix until December 31 2007, then Bank of England base rate plus 0.75% for the life of the mortgage. Customers can also borrow up to 95% of the property value with a product fee of 495, free valuation and 250 cashback or free mortgage transfer service as well as an early repayment charge of 3% of the outstanding balance. Other products in the range include a 4.19% two-year fixed rate with a 395 product fee, early repayment charge of 3% and a 10% overdraft facility. There is also a three-year fixed rate at 4.24% until December 31 2008, then base rate plus 0.75% for the remaining life of the mortgage. This deal includes similar features to the two-year fix. Mehrdad Yousefi, head of intermediary mortgages at Alliance & Leicester, says: “We’ve pulled out all the stops with this latest range. “Yet again, we’ve been able to reprice our two and five-year fixed rates downward and offer cracking, rock bottom rates with no extended tie-ins. “All this year we’ve been consistently competitive with our fixed rates staying one step ahead of the competition and we’re delighted to offer all these deals to our broker customers. He adds: “We’re also introducing a special two-year fixed remortgage deal available only to brokers. “This product offers a competitive rate with incentives such as free valuation plus free legals or cashback. “And there’s more good news on the product front as we’ve also launched a three-year fixed rate deal. This has been designed as a direct result of broker feedback and demand.” John Stewart, director at PMI Independent Financial Adviser, welcomes the product. He says: “It’s a good rate and A&L offers good service, especially with its online system. It is encouraging to see A&L offering decent rates for brokers only.”
From Lee Martin I would like to share a secret with the small brokers out there who struggle to keep up with admin. I use a case management system which not only allows me to monitor the source of my business and helps with the decisions about where I spend money, but also allows me […]
The Mansfield Building Society has launched a mortgage that has no early repayment charge. The two-year discounted mortgage, available to customersin England and Wales, will be one of the few available on the market that does not incur an early repayment if the customer wishes to repay the mortgage in full or part during the […]
The Mansfield has launched a mortgage with no early repayment charge. The two-year discounted mortgage, available to customers in England and Wales, will be one of the few available that does not incur a charge if the customer wishes to repay the mortgage during the first two years of borrowing. The company says this could […]
Ashdown Lyons is moving offices on September 19. As of today, its head office address will be: St Thomas House, 41 Alexanda Road, Wimbledon, London SW19 7JZ.
Research by insurer LV= suggests that some 11 million employees in the UK have no company-paid sick leave entitlement. So if an employee from within the above grouping cannot work through illness or injury for any period of time, their only income would likely be that provided by state benefits alone.
News and expert analysis straight to your inboxSign up