New fixed-rate tracker mortgage
27th June 2008
As the number of borrowers hoping to get a fixed-rate deal on their mortgage increases, Alliance and Leicester has announced that it will be launching a new two-year tracker deal.
Available from today (June 27th), the mortgage will be open to both new and existing customers who will be able to apply via a broker, at a branch or via Mortgage Direct.
Commenting on the latest deal, Richard Taylor, head of mortgage products at Alliance & Leicester, said: "The addition of this new product to our mortgage portfolio demonstrates Alliance & Leicester's commitment to the mortgage market."
He continued: "With both flexible features and a headline rate below six per cent, it represents a great deal for both new and existing customers - particularly as fixed rate pricing continues to rise across the market."
The two-year tracker mortgage offers borrowers 5.98 per cent (BBR +0.98 per cent), and after that a base rate of +1.49 per cent.
It is available to those that can borrow up to 75 per cent of the property value and there is a maximum loan value of £1 million, plus a £999 arrangement fee.