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A&L launches two-year tracker at 1.84%

Alliance & Leicester Intermediary Sales is launching a range of two-year fixed rate deals and a two-year tracker at 1.84%.

The tracker, at Bank of England base rate plus 1.34%, is available up to 70% LTV and comes with a 2% fee and a maximum loan size of £550,000.

A&L’s fixed rate range includes a 2.89% product available up to 70% LTV and up to a maximum loan size of £1m, and a 2% fee.

There is also a range of two-year fixed rate deals for purchases and remortgages up to 80% LTV offering different fee options.

It includes a deal at 4.34% with a 2% fee, a 4.84% product with a £1,495 fee, and a 5.04% rate with a £495 fee.

The products will be available from February 3.

 

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  • mortgagemicroscope 2nd February 2010 at 3:11 pm

    2% fee !!!!! Please do your sums to include this huge fee. Often best to recommend the higher rates with lower upfront fees…..calculate the cost over the term of the incentive period.

  • salil chaudhari 2nd February 2010 at 1:12 pm

    Intermediary tracker rate is most welcome and a sensible and competetive rate considering the state of the economy.BBR is likely to be at or below 2% for the next 5 years so a maximum rate of 3.34% would mean an interest only payment of £418 and repayment of £738 which is good news for borrowers and intermediaries.