Alliance & Leicester reduce 3-year fixed remortgage rate
Author: Andy Bedford » Publish Date: 22 September 2009
Alliance & Leicester have announced a reduction to 4.88% for their 3-year fixed rates, up to 70% loan to value with either a 1% or £995 arrangement fee.
The rate then reverts to 4.99% currently, giving an APR of 5.2%. Valuation fees are refunded on completion for a property value of up to £1 Million and would be £280 based on borrowing of £100k at 70% LTV.
Applicable fees are the lender’s Conveyancing fee of £189, Telegraphic transfer fee of £30 and early repayment charges of 3% of the loan until 30/11/2012.
Whilst this brings them into line with offerings from Abbey, it is still some .4% higher than the current products on offer from Woolwich.
As usual, always consult a Key Facts Illustration before deciding on a mortgage. For further information on this product or others, contact us on 0845 4594490 to speak to a mortgage broker.
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