Alliance & Leicester will launch a two-year tracker mortgage tomorrow for customers with large deposits.
The new deal will be available to new and existing customers in branch, through intermediaries and on Mortgage Direct. The mortgage will track the base rate plus 0.98% for two years, giving a current rate of 5.98%, before reverting to base rate plus 1.49%, for an arrangement fee of £999. The maximum loan is £1m and the product is only available to borrowers with at least a 25% deposit. If you would like to comment on this story, contact: John Bakie Tel: 020 7484 9805 e-mail: [email protected] IFAonline
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