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Alliance and Leicester
Alliance and Leicester
ABOUT Alliance and Leicester
Alliance & Leicester was founded in 1852 and today it is one of the UK's major financial services groups.
It offers a broad range of financial services to personal and commercial customers and has a UK wide branch network.
Alliance & Leicester has been a member of the FTSE 100 index of leading shares since 1997, when it converted from its original mutual building society status.
The Alliance & Leicester has the following types of mortgage:
- 5 Year Discount
- Easy Step Mortgage
- Base Rate Tracker
- Base Rate Tracker Term
- Fixed Rate
| Alliance and Leicester Mortgage Products |
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5 Year Discount: your initial rate will be set at a discount off Alliance & Leicester’s standard variable rate for the first 5 years. After the discount period has finished your mortgage will revert to the Alliance & Leicester’s standard variable rate for the rest of the mortgage term. There is an early repayment charge during the discount period.
This mortgage product is flexible - you can make overpayments, make underpayments and take payments holidays (as long as you have made enough previous overpayments).
You can borrow money back too. An arrangement fee is applicable. Existing Alliance & Leicester customers get a cashback offer. |
Easy Step Mortgage: your initial rate will be set at a discount off Alliance & Leicester’s standard variable rate for the first 2 years. It will then be set just above the Bank of England base rate for 1 year. After the discount period has finished your mortgage will revert to the Alliance & Leicester’s standard variable rate for the rest of the mortgage term. There is an early repayment charge.
This mortgage product is flexible - you can make overpayments, make underpayments and take payments holidays (as long as you have made enough previous overpayments). You can borrow money back too. An arrangement fee is applicable. Existing Alliance & Leicester customers get a cashback offer. |
Base Rate Tracker: your initial rate will be set just below the Bank of England base rate. After the tracker period has finished your mortgage will revert to the Bank of England base rate + 0.75% for the rest of the mortgage term.There is an early repayment charge during the tracker period.
This mortgage product is flexible - you can make overpayments, make underpayments and take payments holidays (as long as you have made enough previous overpayments). You can borrow money back too. An arrangement fee is applicable. Existing Alliance & Leicester customers get a cashback offer. Alliance & Leicester also offer this mortgage product at a slightly higher rate of interest with no fees to pay |
| Base Rate Tracker Term: you rate is set just above the Bank of England base rate for the entire term of your mortgage. There is no early repayment charge. This mortgage product is flexible - you can make overpayments, make underpayments and take payments holidays (as long as you have made enough previous overpayments). You can borrow money back too. An arrangement fee is applicable. Existing Alliance & Leicester customers get a cashback offer. |
Fixed Rate: your initial rate is fixed for an agreed period. Alliance & Leicester have fixed rate products for 2, 3 and 5 years. After the fixed rate period is over your mortgage will revert to the Bank of England base rate +0.75%.
There is an early repayment charge during the fixed period. This mortgage product is flexible - you can make overpayments, make underpayments and take payments holidays (as long as you have made enough previous overpayments). You can borrow money back too. There is also a 10% overpayment facility. An arrangement fee is applicable. Existing Alliance & Leicester customers get a cashback offer.
If you are interested in a mortgage quotation including those offered by The Co-operative Bank please complete our quick enquiry form. |
Alliance and Leicester also have the following offers:
Fixed Rate Fee Saver: your initial rate is fixed for an agreed period. Alliance & Leicester have fixed rate fee saver products for 2, 3 and 5 years. After the fixed rate period is over your mortgage will revert to the Bank of England base rate +0.95%
There is an early repayment charge during the fixed period.
This mortgage product is flexible - you can make overpayments, make underpayments and take payments holidays (as long as you have made enough previous overpayments). You can borrow money back too. There is also a 10% overpayment facility. There is no arrangement fee. Existing Alliance & Leicester customers get a cashback offer. Re-mortgage customers can opt for a free mortgage transfer service or cashback.
First Step Mortgage: your initial rate is fixed for a 3 year period. After the fixed rate period is over your mortgage will revert to the Bank of England base rate +0.95% for the remainder of the term. There is an early repayment charge during the fixed period. There is no arrangement fee. Get 2% of you mortgage as cashback on completion. There is a 10% overpayment facility.
Standard Variable Rate: your mortgage will be set at Alliance & Leicester’s standard variable rate for the entire term. There is no early repayment charge. There is no arrangement fee. You can borrow as much as 95% LTV. |
| Current Alliance and Leicester Mortgage Offers |
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