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A&L launches mortgage range

Alliance & Leicester is launching a new range of mortgages.

Its remortgage two-year tracker is set at the Bank of England base rate minus 0.01% for two years, then SVR, currently 6.59%

Customers can borrow up to 95% of the property value and there is a 499 product fee.

The early repayment fee is 3% of the loan if the mortgage is redeemed during the two year offer period.

Free valuation and 250 cashback or Mortgage Transfer Service for remortgage customers is offered, and the maximum loan is 250,000.

Its five year discount fully flexible product has a 1.8% discount off Alliance & Leicesters SVR for five years then SVR.

Customers can borrow up to 95% of the property value and the product fee is 99.

There is no early repayment charge and the maximum loan is 999,999/

Mehrdad Yousefi, head of intermediary mortgages at A&L, says: We are introducing a special two year base rate tracker remortgage deal only available through brokers.
This deal offers a highly competitive tracker rate with incentives such as free valuation plus free legals or cashback.

This latest offer follows feedback from brokers.

Were also continuing to buck the trend by cutting the product fee on our five year discount deal by a further 200 to just 99, this deal also has no tie-in and a competitive rate which makes it well worth consideration.

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