A&L is now offering two- and three-year buy-to-let (BTL) fixed deals from 5.13 per cent. A two-year BTL tracker is available at Bank Base Rate +0.24 per cent, available up to 75 per cent loan-to-value (LTV), with an arrangement fee of £799.
Changes have also been made to the self-cert and near prime ranges. Deals include a self-cert two-year fixed rate tracker is available at 5.24 per cent, up to 85 per cent LTV, with an arrangement fee of £999 and a near prime two-year fixed deal at 5.90 per cent up to 80 per cent LTV, with a £799 arrangement fee.
The prime residential and specialist mortgages are now available online.
Mehrdad Yousefi, head of intermediary mortgages at Alliance & Leicester, commented: “Our intention is to be a serious broad-based lender with a consistent range of mortgage deals. We now have a range of mortgages enabling brokers to service a broad range of clients, from those purchasing a buy-to-let property to those who want to purchase a home but have irregular income.”
Landlords’ confidence in the BTL market has also increased, according to a survey by Mortgage Express. Of the 3,617 landlords questioned, 95 per cent plan to increase or maintain the number of properties in their portfolio. This is an increase of 9 per cent from the end of 2005.
