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Alliance & Leicester – Two-Year Base Rate Tracker

Alliance & Leicester

Two-Year Base Rate Tracker

Type: Tracker mortgage

Tracker term: Two years

Tracker rate: 0.26% below the Bank of England base rate

Payable rate: 4.99%

Minimum loan: £25,000

Maximum loan: Up to 95% of valuation subject to a maximum of £250,000

Income multiples: Based on affordability

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

Arrangement fee: £599

Redemption fee: 3% of the amount repaid in the first three years if mortgage is repaid in full

Introducer’s fee: Subject to negotiation

Tel: 0870 0100657

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