Alliance & Leicester launch broker exclusives

Alliance & Leicester Intermediary Sales is launching a range of two-year fixed rates for remortgagers and homebuyers, available up to 75% LTV.

It is offering a two-year fix at 3.79% with a £995 fee, available up to 75% LTV for remortgagers.

This comes with the remortgage solution, which offers borrowers a free valuation and the choice of the Mortgage Transfer Service or £200 cashback.

It is also launching a two-year fix at 3.99% with no fee, available up to 75% LTV for homebuyers. It comes with the homebuyer solution, which offers borrowers a free valuation.

Both products are available up to £550,000 and are designed to appeal to borrowers looking to lock into a fixed rate so they can guarantee their monthly repayments.

The latest additions to Alliance & Leicester Intermediary Sales’ fixed rate range follow the launch last week of its range of fee-free three and four-year fixed rate remortgage and homebuyer deals, offering rates of 4.69% and 4.79% respectively and available up to 75% LTV.

Ricky Okey, managing director of Alliance & Leicester Intermediary Sales, says: “In today’s difficult economic climate, fixed rate mortgages are extremely popular with borrowers looking for peace of mind and we expect these intermediary exclusives to be popular with homebuyers and remortgages alike.

“As well as being market-leading, both products offer a free valuation and the homebuyer deal has no product fee. Remortgagers meanwhile can take advantage of our Mortgage Transfer Service or £200 cashback offer, helping to remove some of the additional costs involved in buying or moving home.”