Alliance & Leicester

It stands today as one of the major financial services groups. Alliance & Leicester was founded in 1852, and continues its services with excellence. It has a UK wide branch network, and offers a wide range of financial services to personal and commercial customers. Since 1997, when it converted from its original mutual building society status, Alliance & Leicester is a member of the FTSE 100 index of leading shares.

The following mortgage types are available at Alliance & Leicester:

• 5 year Discount
• Easy Step Mortgage
• Base Rate Tracker
• Base Rate Tracker Term
• Fixed Rate

5 Year Discount: your initial rate for the first 5 years will be set at a discount off Alliance & Leicester's standard variable rate. After the discount period is over, and for the rest of the mortgage term, your mortgage will rebound to the Alliance & Leicester's standard variable rate.

• There is an early repayment charge during the discount period
• This is a flexible mortgage product - you may place overpayments, underpayments and take payments holidays (as long as you have made enough earlier overpayments).
• You can borrow money back too
• An arrangement fee is applicable
• Existing Alliance & Leicester customers get a cashback offer

Easy Step Mortgage: your starting rate for the first 2 years will be set at a discount off Alliance & Leicester's standard variable rate. Then, for 1 year, it will be set just above the Bank of England base rate. After the discount period is over your mortgage will relapse to the Alliance & Leicester's standard variable rate for the remainder of the mortgage term.

• There is an early repayment fee
• This mortgage product is flexible - you can make overpayments, make underpayments and take payments holidays (as long as you have made enough past overpayments).
• You can borrow money back too
• An arrangement fee is applicable
• Existing Alliance & Leicester customers get a cashback offer

Base Rate Tracker: your original rate will be set just below the Bank of England base rate. After the tracker interval has finished, your mortgage will rebound to the Bank of England base rate +0.75% for the remaining mortgage term.

• There is an early repayment fee 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 sufficient prior 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 with no fees to pay at a slightly higher interest rate

Base Rate Tracker Term: you rate is set just above the Bank of England base rate for the whole period of your mortgage.

• There is no early repayment fee
• This mortgage product is flexible - you can make overpayments, make underpayments and take payments holidays (as long as you have made enough past overpayments).
• You can borrow money back too
• An arrangement fee is applicable
• Existing Alliance & Leicester customers get a cashback offer

Fixed Rate: your starting rate is fixed for a preset period. Alliance & Leicester have fixed rate products for 2, 3 and 5 years. After the fixed rate period is over your mortgage will relapse 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 sufficient past overpayments).
• You can borrow money back too
• There is 10% overpayment facility
• An arrangement fee is applicable
• Existing Alliance & Leicester customers get a cashback offer

The following mortgage offers are also available at Alliance and Leicester:

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. Your mortgage will then go back to the Bank of England base rate +0.95%, after the fixed rate period is over

• 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 prior 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 pick either free mortgage transfer service or cashback

First Step Mortgage: your starting rate is fixed for a 3 year interval. After the fixed rate period is concluded your mortgage will rebound to the Bank of England base rate +0.95% for the rest of the mortgage period.

• There is an early repayment fee during the fixed period
• There is no arrangement fee
• Get 2% of your 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 whole term.

• There is no early repayment charge
• There is no arrangement fee
• You can borrow as much as 95% LTV

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