Thrifty Loans

Alliance & Leicester has just launched new lower-priced market-leading two and three year buy-to-let fixed rates starting from just 5.13%. In addition it has made a number of changes to both its self cert and near prime range thus offering the consumer far better value.

Another new and additional offer is their credit-adverse portfolio covering minor, medium, heavy and unlimited adverse markets.

Both prime residential and specialist mortgages are now fully available on-line to all intermediaries, whether directly authorised or acting as an appointed representative, allowing immediate decisions and KFIs to be given, and both on and off line applications to be made.

Alliance & Leicester’s Specialist Lending Centre will cater for its borrowers both up and down its Prime, Near Prime and Credit Adverse range thus ensuring that its customers will receive the most appropriate product suited to their individual circumstances and needs.

This is just another example of how Alliance & Leicester strive towards being a major broad based lender by offering consumers a wide range of simple, straightforward and better priced prime residential, buy-to-let, self cert, near prime and credit adverse products.

They are keen to offer their customers (both existing and potential) a wide variety of products and to make it as straightforward as possible for them to apply or sign up for the ones which suit them best.

The new range of mortgages currently available includes:

• Buy-to-Let – 2 year Fixed Rate 5.13% until 31/03/2009, maximum LTV 75%, arrangement fee - £999. ERC 6% until 31/03/2008 then 5% until 31/03/2009.
• Buy-to-Let – 2 year Base Rate Tracker 5.24% until 31/03/2009 (BBR + 0.24%), maximum LTV 75%, arrangement fee - £799. Free valuation. Remortgagers receive £250 cashback. ERC 6% until 31/03/2008 then 5% until 31/03/2009.
• Self Certified – 2 year Fixed Rate 5.24% until 31/03/2009, maximum LTV 85%, arrangement fee - £999. 6% until 31/03/2008 then 5% until 31/03/2009.
• Near-Prime – 2 year Fixed Rate 5.90% until 31/03/2009, maximum LTV 80%, arrangement fee - £799. Free valuation. Remortgagers receive £250 cashback. ERC 6% before 31/03/2009.

An Alliance and Leicester mortgage expert explains they are keen to offer mortgage brokers exactly what they want, which is a one stop shop where they can quickly and easily access a competitive and comprehensive range of products.

They are confident they now cater for brokers’ broad spectrum of clients ranging from those who wish to buy-to-let through to those who need help rebuilding their credit profile and those who do not possess a regular form of income.