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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: 2.99% above Bank of England base rate

Payable rate: 3.49%

Minimum loan: £50,000

Maximum loan: Up to 75% of valuation subject to a maximum of £999,999

Income mutliples: Based on affordability

Flexible features: Overpayments, underpayments, payment holidays, interest calculated daily

Conditions: Free valuation and mortgage transfer service or £200 cashback for remortgages

Arrangement fee: 1% of the original loan

Redemption fee: 3% of the amount repaid if mortgage if fully repaid in first two years

Introducer’s fee: Subject to negotiation

Tel: 0844 800 9999


Field sets out bill to ban short-selling

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Stoakley needs answers before absolute move

Schroders head of UK retail Robin Stoakley says he would not rule out offering an absolute return fund but feels the sector still has questions to answer.He says for a product to be deemed absolute return, it has to offer positive returns in all time periods, something that he feels can only be done with […]

Who pays inheritance tax and how to declare it

By Kim Jarvis, Canada Life In this article we look at which forms personal representatives (PRs) need to complete and who actually pays inheritance tax (IHT).  To recap, under current rules, any part of the estate that falls within the available nil-rate band (NRB), currently £325,000, is taxed at zero. Anything in excess of the NRB […]


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