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Alliance & Leicester aims to be Flexible

Alliance & Leicester


Type: Flexible mortgage allowing borrowers to make over payments, which then serve as a credit facility enabling future under payments or payment holidays.

Variable rate: 7.99 per cent.

Minimum loan: £20,000.

Maximum loan: Up to 95 per cent of valuation.

Income multiples: First time buyers – 3.25 times principal income plus second or 2.75 times joint. Other borrowers – for loans up to 75 per cent of valuation – 3.75 times principal income plus second or three times joint, 75 to 95 per cent of valuation – 3.3 times principal income plus second or 2.75 times joint.

Arrangement fee: None.

Redemption fee: None.

Conditions: None.

Introducer&#39s fee: £100.

Tel: 0845 303 3000.


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