Alliance and Leicester are extending their range of mortgages to include an 85% loan to value aimed to appeal to First Time Buyers. In the spot light is a new 3 year fixed First Time Buyer only product at 5.99% with no arrangement fee and a refunded valuation.
For existing homeowners, there are also some new market leading 3 and 4 year fixed rate products at 85% LTV with a refunded valuation.
For those wanted a shorted rate control period there is the option to still have a refunded valuation on the 2 year fixed deals with £995 fee at 65% and 75% LTV. Remortgage customers still benefit from a refunded valuation and either £200 cashback or Mortgage Transfer Service.
The product rates are:
- at 65% LTV – 3.64%
- at 75% LTV – 3.89%
For advice on these and other mortgages available click here.