alliance & leicester renew mortgage products by Finance News Bulletin

Published: 20/12/07

Alliance & Leicester, the UK's eighth main lender, has announced a sequence of changes to its tracker mortgage dealsAdjustments made by the former building society comprise an increase of 02 per cent on interest for the two-year base-rate tracker mortgage, with a smaller increase of 01 per cent on the FeeSaver Tracker product

Home-seekers looking to contrast mortgages will be enthused by the fact that in spite of the rises the two-year base-rate follower mortgage products remain well under six per cent interestRichard Taylor, skull of mortgage products at Alliance & Leicester, said: "We are keeping our competitive set rate deals, but in row with the market our variable rates have been raised by a modest amount"Changes made by coalition & Leicester were not in isolation, with mortgage lenders Halifax and Abbey last week announcing alike increases in interest ratesUK lenders are revamping mortgage deals in reaction to the ventilation up of inter-bank lending emerging from the US sup-prime disaster

Alliance & Leicester asserted that despite its changes, the FeeSaver mortgage option would take on attracting first-time customers, continuing to present them lending to cover 95 per cent of property prices, with no manufactured goods feeTerms of employ Advertising Resources Product guides push releases About us Contact

Visit original article: