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New mortgage deal launched by A&L


Alliance & Leicester have introduced a new mortgage deal.

It is a self-cert 2 year fixed rate mortgage at an APR of 5.34%. It has a loan to value (LTV) of 85%, and a low arrangement fee of £1,999.

This deal by Alliance & Leicester also includes a self-cert 2 year fixed rate at 5.84%, an arrangement fee of £1,999 and a maximum loan to the value (LTV) of 90%.

The two products have a 6% early repayment charge which runs until June 30th 2009.

Head at Alliance & Leicester, Jeremy Claridge, commented: “Yet again, we’ve launched some market-leading specialist deals.

“We’ve also been doing a lot of work with brokers to further improve our self-cert proposition to ensure we’re clear on the information we require to service applications even more quickly.

Mr claridge adds: “This demonstrates our ongoing commitment to deliver great value and offer a wider choice of deals to those borrowers who earn a significant amount of bonus/commission, self-employed borrowers with this year’s accounts that have yet to be made up, and those who earn income from multiple sources or whose income is not regular.”

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