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Alliance & Leicester – Long Term Base Rate Tracker

Type: Flexible tracker mortgage

Tracker rate: Bank of England base rate in year one, thereafter 1% above base rate

Tracker term: Life of loan

Minimum loan: 25,000

Maximum loan: Up to 95% of valuation subject to a maximum of 250,000, up to 90% of valuation subject to a maximum of 500,000, up to 85% of valuation subject to a maximum of 750,000

Income multiples: Up to 95% of valuation up to 3.3 times principal income plus second or 2.75 times joint, up to 85% of valuation up to 3.5 times principal income plus second or three times joint, up to 75% up to four times principal income plus second or 3.25 times joint

Conditions: 100 cashback for existing Alliance & Leicester borrowers

Flexible features: Overpayments, underpayments, payment holidays, lump sum withdrawals

Arrangement fee: 395

Redemption fee: None

Introducers fee: Subject to negotiation

Tel: 0870 0100657

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Important information

Investment risks

The value of an investment and any income from it can fall as well as rise and you may not get back the amount originally invested. Forecasts and past performance are not a guide to future performance. Some information and statistical data herein has been obtained from sources we believe to be reliable but in no way are warranted by us as to their accuracy or completeness. These are Neptune’s views and as such this document is deemed to be impartial research. We do not undertake to advise you of any change to our views.

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