Alliance & Leicester Launch New 2 Year Tracker
June 27th, 2008 by 
Guy
Alliance & Leicester, one of the UK’s largest mortgage lenders has launched a new two year tracker rate mortgage which will be available from today.
The mortgage product is available to existing mortgage customers and also new mortgage customers via mortgage brokers, branches or Mortgage Direct. It is a two-year tracker mortgage with a current rate of 5.98% (BBR plus 0.98%) which will then revert to Bank Base Rate plus 1.49%. Mortgage Borrowers must have a 25% deposit and there is a £999 arrangement fee.
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. With both flexible features and a headline rate below 6%, it represents a great mortgage deal for both new and existing customers – particularly as fixed rate pricing continues to rise across the market.”
Posted in Mortgage news | 