Mortgage Advice for First Time Buyers, First Time Buyer Mortgages and First Mortgage Advice

Alliance & Leicester revises specialist mortgage range

12-Oct-2006

Alliance & Leicester has announced the launch of a new range of self-certification mortgages, potentially suitable for first time buyers.

Self employed first time buyers may be attracted by the new range of two-year fixed-rate and tracker options, offering interest rates at 4.9 per cent for loan-to-values (LTV) of up to 75 per cent.

The two-year tracker option has an interest rate of 0.1 per cent above the current base rate, with a maximum LTV of 85 per cent.

"We continue to bring competition to the specialist lending sector, offering brokers greater choice and value for money," said Mehrdad Yousefi, head of intermediary mortgages at Alliance & Leicester.

Arrangement fees for the two mortgages are set at £999.

Alliance & Leicester also offers a range of more conventional mortgages for first time buyers, with interest rates ranging from 4.64 per cent to 5.59 per cent.

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

Article Options:

Email this article to a friend

Get updates from our RSS Feed

Post this article to:

del.icio.us

Digg

Reddit

2012: May | Apr | Mar | Feb | Jan

2011: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan

2010: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan

2009: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan

2008: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan

2007: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan

2006: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan

2005: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar


Free e-Bulletin

News and Offers for First Time Buyers

Register

There's alot going on! What do you think?

Interest rates are low but could rise? Is this a good time to buy?

Yes
No

Varialbe rate mortgages go up if bank interest rates do. Which is your preference?

Fixed Rate
Variable rate

Interest only mortgages are cheaper but in the end you don't end up owning the property. Which is better?

Interest Only
Repayment

House prices are waivering. Do you think this is a good time to buy?

Yes
No

Shared equity mortgages allow you to buy a new home with 5% deposit and an equity loan through FirstBuy. What do you think?

Too complicated
Too expensive
Too risky

Rent to buy allows you to peg a property price, save towards a deposit and pay reduced rent. What do you think?

Works best in a rising market
Too complicated
Good option