The product is fixed at 3.34% (5.1% APR) until 30/3/2011, with a 1.5% product fee and is available up to 60% loan to value. The produce includes a refund of valuation and either free legals or £200 cashback.
Martin Reynolds, development director at pms commented “We are pleased that Alliance & Leicester have reacted to the changes in the wholesale markets and re-priced our exclusive product. This product is now even greater value than before offering the security of fixed payments for two years which must be a viable option in the current economic climate.”
