The range includes:
• Self Certified - 2-year Fixed Rate 5.34%, maximum loan-to-value (LTV) 85%, arrangement fee £1,999. Early Repayment Charge (ERC) 6% until 30/06/2009.
• Self Certified - 2-year Fixed Rate 5.84%, maximum LTV 90%, arrangement fee £1,999. ERC 6% until 30/06/2009 .
• Self Certified - 2-year Base Rate Tracker 5.15% (BBR – 0.10%), maximum LTV 85%, arrangement fee £1,399. ERC 6% until 30/06/2008 then 5% until 30/06/2009.
• Near Prime – 2-year Fixed Rate 5.69%, maximum LTV 80%, arrangement fee - £1,999. ERC 6% until 30/06/2009.
Jeremy Claridge, head of specialist mortgages at Alliance & Leicester, said: “Yet again, we’ve launched some market-leading specialist deals. We’ve also been doing a lot of work with brokers to further improve our self-cert proposition to ensure we’re clear on the information we require to service applications even more quickly. If brokers can provide details of an applicant’s profession and the declared income is reasonable we can give a quick decision.
“This demonstrates our ongoing commitment to deliver great value and offer a wider choice of deals to those borrowers who earn a significant amount of bonus/commission, self-employed borrowers with this year’s accounts that have yet to be made up, and those who earn income from multiple sources or whose income is not regular.”
