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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

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