Alliance & Leicester Fixed Rate Mortgages
Fixed-rate mortgages by the Alliance & Leicester give control to repayers by
allowing them to pay back a set amount of their mortgage every month. Fixed rate
mortgages are particularly suitable to those who want the peace of mind of repaying
a set amount each month.
There are draw backs with fixed rate mortgages and one
of the main ones is that it does not track the Bank of England base rate, therefore
if the base rate is reduced most mortgage companies reduce their variable rate mortgages
– fixed rate mortgages of course do not go down.
Alliance & Leicester provides two
such products with early repayment charges
applicable on both products on loans of £25,000 up to a maximum of £250,000.
They also offer 2, 3 and 5 year conventional fixed-rate mortgages as well as the
same number of fee saver products – you pay no booking
fees whatsoever on these.
With a fee saver product you will also receive a free valuation of your property
- which will be refunded upon completion of the mortgage you take out with the Alliance
& Leicester.
Additionally, customers who have a premier or premier direct current account will
receive £250 cashback when they take out either of these mortgages (something to
sweeten the deal in our eyes!).
The Alliance & Leicester group has approximately 5.5 million personal customers
and holds approximately 3.2% of the
UK
mortgage market.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT
By submitting this form you are consenting to your information being passed to an associate of Okoza who may contact you. This information may be used by us or selected partners to advise you of other useful products or services that we feel you would be interested in. Our service is free to you but to operate this service we receive fees from the lenders or brokers we refer you to. There may be a fee for mortgage advice. The adviser is obliged to disclose to you the fee before providing the advice and the precise amount will depend upon your circumstances. We estimate that a typical fee will be 1% of the sum you borrow..