The maximum loan-to-value is 60% and the arrangement fee is £1,499. The product comes with free legal fees and a valuation fee refund upon completion, and the maximum loan size is £250,000.
Adrian Whittaker, key account director at Abbey for Intermediaries and Alliance & Leicester commented: “We are delighted to be offering this product to Legal & General, which is one of our key strategic distribution partners and we are sure it will prove to be very popular. This exclusive offer demonstrates Alliance & Leicester's commitment to the intermediary market as well as our increased appetite for lending in the mortgage market throughout 2009."
