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Alliance & Leicester aims to be Flexible

Alliance & Leicester


FLEXIBLE MORTGAGE


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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