Alliance & Leicester launches new specialist mortgage range

07-Mar-2007

Alliance & Leicester has announced the launch of a new range of buy-to-let mortgages, which may interest would-be first time buyers looking for property investments.

As part of its new specialist range, Alliance & Leicester has released a new two-year fixed-rate mortgage for first time buyers and repeat purchasers, with an interest rate of 5.18 per cent.

The mortgage is available with a loan-to-value of up to 75 per cent.

To find out more about this mortgage and other mortgages for first time buyers, click here.

"Following broker feedback and demand we are introducing a FeeSaver option to our buy-to-let range," said Jeremy Claridge, head of specialist mortgages at Alliance & Leicester.

"We've also maintained our very competitive pricing on the rest of our range of deals," he added.

Alliance & Leicester has also launched a two-year self certification mortgage, with an interest rate fixed at 5.84 per cent; other mortgages are also available specifically for first time buyers.

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