First time buyer mortgage from Alliance & Leicester

Published: 13 May 2009 By MoneyhighStreet Staff Leave a Comment

Alliance & Leicester, part of Santander, has launched a new first time buyer mortgage product which is fee free.

Alliance & Leicester First time buyer MortgageThe new first time mortgage is a 3 year fixed deal at 5.99% with up to 85% LTV.

The maximum mortgage size is £250,000 and for first time buyers it includes the Alliance & Leicester Homebuyer solution, a free valuation.

Alliance & Leicester Mortgages Director, Nici Audhlam-Gardiner, said ‘Alliance & Leicester Mortgages research shows there are 1.8 million prospective first time buyers with a deposit just waiting to get onto the property ladder that can take advantage of this great rate whilst rates are low and guarantee certainty of their monthly payments.’

There are other mortgage products also being launched today, including a

  • 4 year fixed at 5.79% with 85% LTV and 1% fee
  • 5 year fixed 4.79% with 75% LTV and a £995 fee

The Alliance & Leicester Premier range of mortgages, available to current account customers, also has a new 4 year fixed rate mortgage at 4.69% with up to 75% LTV.

    • Speak Your Mind

    Tell us what you're thinking...
    and oh, if you want a pic to show with your comment, go get a gravatar!