Alliance & Leicester revises specialist mortgage range

08-Nov-2006

First time buyers may benefit from news that Alliance & Leicester is to relaunch its revised portfolio of specialist mortgages on November 9th.

A new range of two-year buy-to-let mortgages have been released, offering either a fixed-rate of 5.29 per cent or a variable rate mortgage at +0.15 per cent of the Bank of England's base rate, potentially benefiting first time buyers or repeat purchasers looking to invest.

Both buy-to-let packages offer a maximum loan-to-value (LTV) of up to 75 per cent and carry arrangement fees of between £699 and £799.

"Our comprehensive specialist product range offers great value and choice to brokers and their clients," said Mehrdad Yousefi, head of intermediary mortgages at Alliance & Leicester.

"We've maintained our tracker deals and our fixed-rates have only increased marginally to reflect swap rate changes," he added.

Alliance & Leicester are also offering a revised self-certification mortgage package, offering a fixed-rate of 5.25 for two-years, in addition to offering a maximum LTV of up to 85 per cent.

Alliance & Leicester also offers a range of mortgages specifically for first time buyers.

To find out more about this mortgage, contact a good mortgage broker.

To find out how to get onto the property ladder by buying to let somewhere else click here.

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