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Alliance & Leicester – Two Year Remortgage Base Rate Tracker

Alliance & Leicester

Two Year Remortgage Base Rate Tracker

Type: Flexible tracker remortgage product

Tracker term: Two years

Tracker rate: 0.79% above the Bank of England base rate

Payable rate: 6.04%

Minimum loan: £15,000 in England and Northern Ireland, £10,000 in Scotland & Wales

Maximum loan: 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: Based on affordability

Conditions: Free valuation, £200 cashback or mortgage transfer service

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

Arrangement fee: 2% of the original loan

Redemption fee: None

Introducer’s fee: Subject to negotiation

Tel: 0845 300 2563


Man magnet

Is your client interested in a pension that can invest in residential property, does not require him to buy an annuity at age 75, offers more than 25 per cent tax-free cash and attracts death duties that are less than a tenth of those on UK schemes? This is what providers based in the Isle of Man will be offering from this month, when the crown dependency passes its new Income Tax Pension Bill.

Scheme spirit

The March Budget confirmed the clampdown on scheme pensions but it looks like there is still life in the sector.

Short list revealed for Premier post

Premier Mortgage Service has revealed three people were shortlisted for the role of managing director John Malone’s successor. It did not issue an offer before deciding Malone would continue in the role.


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