deal introduced by
A new mortgage
deal has been introduced into the market today by Alliance and
Leicester. This type of deal could be suitable for people who
are looking to remortgage also first-time buyers.
The new mortgage deal is fixed at 4.99
per cent for the first 2 years, it then changes to a tracker mortgage,
which will stay at 0.74 per cent, leaving the deal steady over
the base rate for a 1-year period, finally this will alter to
a standard variable rate.
Spoke further, a financial services
provider, Stephen Leonard stated: "First-time buyers are
the lifeblood of the housing market and so we've responded to
their needs by launching a new stepped deal aimed at keeping their
costs low during the early years of homeownership."
From a different perception, the financial
services provider will have a new deal, which will interest people
At the start of March 2007, Alliance
and Leicester put forward different types of mortgages, a buy-to-let
deal where it included a 2-year fixed rate with a lending rate
of 5.18 per cent.
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