Alliance & Leicester launches new tracker mortgage

Published: 24 April 2009 By MoneyhighStreet Staff Leave a Comment

Alliance & Leicester today launches a new 2 year tracker mortgage product.

Alliance & Leicester Tracker MortgageAccording to Alliance & Leicester this new 2 year tracker mortgage is a best buy at Base Rate + 2.45%.

It’s available to both homebuyers and remortgagers borrowing up to £250,000.

Alliance & Leicester Mortgage Director, Nici Audhlam-Gardiner, commented ‘Abbey Mortgages research shows that for those looking to remortgage, a third are looking for a tracker and of those, over half will choose a 2 year tracker.’

She added ‘The 2 year tracker is second in popularity only to a 2 year fixed (mortgage) and with a best buy rate of Base Rate plus 2.45 per cent, borrowers should seriously consider this deal.’

There is a fee of £499 and the maximum LTV is 75%.

Alliance & Leicester, along with Abbey, are part of Santander.

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