Mortgage holders have been put on alert after Alliance & Leicester announced details of a host of new mortgages targeted at people with special financing circumstances.
The first home loan from the financial services provider is a two-year fixed-rate self-certification mortgage at 5.34 per cent, which has an upper loan-to-value limit of 90 per cent and an arrangement fee of £1,999.
Simultaneously, the mortgage lender is also advertising a two-year fixed-rate self-certification mortgage with lending rates of 5.84 per cent, including a maximum 90 per cent loan-to-value and a £1,999 arrangement fee.
Jeremy Claridge, head of specialist mortgages at the financial services provider, suggested the deals could prove particularly popular for certain types of homeowner.
"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," he said.
Meanwhile, homeowners with tracker mortgages are currently awaiting the latest interest decision from the Bank of England's monetary policy committee.
The Bank is widely expected to raise interest rates by 0.25 per cent later today, although some financing analysts have predicted they could be raised by 0.5 per cent in a bid to curb inflation.
Mortgage lender unveils specialist home loans
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Mortgage lender unveils specialist home loans
Thu, 10 May 2007
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