23
Apr
Lender launches new tracker mortgage deal
Alliance & Leicester has announced the launch of a new two-year
tracker mortgage.
The bank has unveiled the product, which will start at the base
rate plus 2.45 per cent, for borrowers seeking a deal for up to
£250,000.
It will come with a maximum loan-to-value (LTV) of 75 per cent and
a £499 fee, replacing the existing rate of 2.75 per
cent.
Director of mortgages at the bank Nici Audhlanm-Gardiner said: "We
remain committed to offering borrowers highly competitive deals
whether remortgaging or buying a new home."
Earlier this week, Leeds Building Society launched new mortgage
products of its own.
These included a five-year, fixed-rate deal available at 4.99 per
cent for an 85 per cent LTV, provided it is applied for through
branches, call centres or online.
A ten-year product is available via the same application methods at
5.49 per cent and a 75 per cent LTV.
