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A&L introduces LTV pricing

Alliance & Leicester has become the latest lender to introduce loan to value pricing across its whole range of prime residential mortgages.

These changes will come into effect from May 9. Nationwide and Halifax have both previously introduced LTV pricing across their whole range of mortgages.

It says a 2 year fixed rate for up to 75 per cent LTV will have a rate of 5.99 per cent with a 2 per cent fee.

From 75.01 to 90 per cent LTV the rate will be 6.49 per cent also with a 2 per cent fee.

It also has a 2,3 or 5 year fixed rate with a 599 fee which up to 75 per cent LTV will be at 6.49 per cent, while 75.01 to 90 per cent will be at 6.99 per cent.

Its 2 year base rate tracker with a 2 per cent fee will be at a rate of 5.89 per cent (BBR +0.89 per cent). A 75.01 to 90 per cent LTV has a rate of 6.39 per cent (BBR +1.39 per cent).

The lender has also made some changes to its buy to let range. It has a two year fixed rate at 6.49 per cent with 2.5 per cent fee which is available up to 500k and available up to a maximum of 75 per cent LTV.

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