Alliance & Leicester remortgage deals launched through intermediaries

Date:Friday 9th January 2009
Author: Susanna Kavka

New Alliance & Leicester remortgage offers have been announced by the lender as well as ones from Halifax.

The Alliance & Leicester remortgage offers, all two-year and fixed-rate, are available through three of its intermediary partners: Legal & General, PMS and Openwork.

Legal & General offers a rate of 3.69 per cent, with a £1,499 fee and to a maximum of 60 per cent loan-to-value (LTV), capped at £250,000.

PMS' deal, also 3.69 per cent, carries an arrangement fee of 1.5 per cent.

It is available to a maximum £1 million loan and 60 per cent LTV.

Openwork's deal, for a maximum loan of £500,000 and up to 70 per cent LTV, has a rate of 4.49 per cent.

Meanwhile, Halifax has responded to yesterday's base rate cut by making a 0.5 per cent decrease to its tracker mortgage customers and bringing its standard variable rate from 4.75 per cent to 4.5 per cent.

These cuts will take effect from February 1st.