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Choice of fixed rate, discount or base rate tracker deals
Alliance & Leicester has launched a new range of mortgages, which is available from Tuesday 25 January and includes:
Long Term Base Rate Tracker (Fully Flexible)
4.75% (5.5% APR) for one year then Bank of England Base Rate plus 0.55% for life of the mortgage
Customers can borrow up to 95% of the property value
Product fee - £395
No early repayment charge
Full flexible features (see point 1 - notes to editors)
New Three Year Fixed Rate
4.89% (5.7% APR) fixed until 30 April 2008 then Bank of England Base Rate plus 0.75% for life of the mortgage
Customers can borrow up to 95% of the property value
Product fee - £395
Early repayment charge – 3% of the amount repaid if the mortgage is redeemed before 30 April 2008
10% overpayment facility
New One Year Fixed Rate – Switcher Special
4.79% (5.8% APR) fixed until 30 April 2006 then Bank of England Base Rate plus 0.75% for the life of the mortgage
Product fee - £195
No switcher fee
Early repayment charge – 3% of the amount repaid if the mortgage is redeemed before 30 April 2006
10% overpayment facility
Source: Alliance & Leicester
24 January 2005
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