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Alliance & Leicester – Two-Year Base Rate Tracker 5.79%

Alliance & Leicester

Two-Year Base Rate Tracker 5.79%

Type: Tracker mortgage

Tracker term: Two years

Tracker rate: 0.04% above the Bank of England base rate

Payable rate: 5.79%

Minimum loan: £25,000

Maximum loan: Up to 95% of valuation subject to a maximum of £250,000, up to 90% subject to a maximum of £500,000, up to 85% of valuation subject to a maximum of £999,999

Income multiples: Based on affordability

Conditions: free valuation, free mortgage transfer service or £250 cashback for remortages

Flexible features: Overpayments, underpayments, payment holidays, lump sum withdrawals, interest calculated daily

Arrangement fee: £599

Redemption fee: 3% of the mortgage balance in the first two years if mortgage is fully redeemed

Introducer’s fee: Subject to negotiation

Tel: 0845 300 2563

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