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A&L relaunches fixed and trackers products

Alliance & Leicester is relaunching some of its fixed rate mortgages and its near prime trackers.

A&Ls buy-to-let two-year Bank of England base rate tracker is now at 5.00%, with a maximum LTV of 75%, and arrangement fee of 999.

This product carries an early redemption charge of 6% until March 2008, and 5% thereafter.

The self-cert two-year base rate tracker has been amended to be at 5.04%, with a maximum LTV of 85%, and arrangement fees of 999.

This carries an ERC of 5%.

Its near prime, two-year fixed rate is now at 6.09%, with a maximum LTV of 80%, and arrangement fees of 799.

The self-cert near-prime two-year base rate tracker is at 5.99%, with a maximum LTV of 80%, and arrangement fees of 799.

Mehrdad Yousefi, head of intermediary mortgages at A&L, says: Our first re-price of the new year offers a range of market-leading fixed rate and base rate tracker specialist deals.

“Our mortgages come with a fixed arrangement fee and either a low headline rate or low up-front costs that offers great choice and value for money.

“We also continue to offer our 100 bonus proc fee to all applications.


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