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Alliance & Leicester -Two Year Base Rate Tracker FeeSaver

Alliance & Leicester

Two Year Base Rate Tracker FeeSaver

Type: Discounted-rate tracker mortgage

Discounted term: Two years

Discount: 0.1%

Payable rate: 5.49%

Tracker term: Lifetime of loan

Tracker rate: 0.75% above Bank of England base rate

Minimum loan: 15,000

Maximum loan: Up to 95% of valuation subject to a maximum of 250,000, up to 90% of valuation subject to a maximum of 500,000, up to 85% of valuation subject to a maximum of 1m

Income multiples: Loans up to 75% of valuation up to 4.25 times principal income plus second or 3.25 times joint, loans above 75% of valuation – up to 3.75 times principal income plus second or 3.1 times joint

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

Conditions: Free valuation, 250 cashback

Arrangement fee: None

Redemption fee: 3% of amount repaid in first two years

Introducers fee: Subject to negotiation

Tel: 0870 0100657

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