Alliance & Leicester - New Mortgage Deals 2 April 2007
ALLIANCE & LEICESTER – NEW MORTGAGE DEALS
Alliance & Leicester is launching a highly competitive new range of mortgages, which are available from Monday 2 April and include:
Two Year Fixed Rate (rate reduced)
- 4.99% (7.2% APR) fixed until 30 April 2009, then Standard Variable Rate (currently 7.39%)
- Customers can borrow up to 95% of the property value
- Product fee - £999
- Maximum loan - £250,000
- Early repayment charge – 3% of the outstanding balance if the mortgage is redeemed before 30 April 2009
- 10% overpayment facility
Three Year Fixed Rate (rate reduced)
- 5.29% (7.1% APR) fixed until 30 April 2010, then Standard Variable
Rate (currently 7.39%) - Product fee - £599
- Maximum loan - £999,999
- Early repayment charge – 3% of the outstanding balance if the mortgage is redeemed before 30 April 2010
- 10% overpayment facility
Five Year Fixed Rate (rate reduced)
- 5.33% (6.8% APR) fixed until 30 April 2012, then Standard Variable
Rate (currently 7.39%) - Product fee - £599
- Maximum loan - £999.999
- Early repayment charge – 3% of the outstanding balance if the mortgage is redeemed before 30 April 2012
- 10% overpayment facility
Stephen Leonard, Director of Mortgages at Alliance & Leicester said:
“With growing uncertainty about the direction of interest rates in 2007, we’re offering some market leading fixed rates to give borrowers that all-important budgetary certainty. We’ve reduced the rates on all our fixed rate mortgages to introduce some truly cracking headline rates whilst still offering a wide choice of deals to suit borrowers’ individual needs – whatever their circumstances!”
For further information, please contact:
| Alliance & Leicester Press Office | 0116 200 3355 |
Notes to Editor:For further information on Alliance & Leicester mortgage offers, customers should visit their local Alliance & Leicester branch, speak to their mortgage intermediary, call Mortgage Direct on 0800 015 0559 (8am–9pm Monday to Friday, 9am–5pm Saturday, 10am–4pm Sunday) or go online at www.alliance-leicester.co.uk
Think carefully before securing other debts against your home, your home may be repossessed if you do not keep up repayments on your mortgage.
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