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A&L offers fixed rate to buy-to-let market

Alliance & Leicester


BUY-TO-LET MORTGAGE


Type: Fixed rate mortgage for the buy-to-let market.


Fixed term: Until October 1, 2003.


Fixed rate: 7.99 per cent.


Minimum loan: £20,000.


Maximum loan: Up to 75 per cent of valuation.


Income multiples: Three times principal income plus second or 2.75 times joint.


Arrangement fee: 0.5 per cent of loan up to a maximum of £300.


Redemption fee: Six months&#39 gross interest until October 1, 2003.


Introducer&#39s fee: £100.


Tel: 0345 108108.

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