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Alliance & Leicester – Medium Adverse Self-Certified Two Year Base Rate Tracker

Alliance & Leicester

Medium Adverse Self-Certified Two Year Base Rate Tracker

Type: Self-cert tracker mortgage

Tracker term: Until March 31, 2009

Tracker rate: 1.64% above Bank of England base rate

Payable rate: 6.64%

Minimum loan: £26,000

Maximum loan: Up to 85% of valuation subject to a maximum of £500,000

Income multiples: Based on affordability

Conditions: Up to £5,000 in CCJs, maximum 2 month’s arrears in last 12 months, bankruptcy acceptable if discharged for at least one year, IVA acceptable if satisfied for at least one year, no repossessions in the last six months

Arrangement fee: £799

Redemption fee: 6% of mortgage balance in year one, 5% in year two

Introducer’s fee: Subject to negotiation

Tel: 0870 0100657

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