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

Alliance & Leicester


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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