Alliance and Leicester 3yr 4.58% Fixed LTV 70% Direct High Fee Mortgage Features & Benefits
(currently displaying summary information only)| Feature / Benefit | Summary | Details | |||
|---|---|---|---|---|---|
| Application Criteria: | |||||
| Available in Branch Only |  | no | not just available in branch only.not just available in branch only. | ||
| Existing Customers Only | | no | This mortgage is not just available to existing customers | ||
| Existing Borrowers Only | | no | This mortgage is not just available to existing borrowers. | ||
| Remortgage Only | | no | This is not just available for remortgages. | ||
| First Time Buyers Only | | no | This mortgage is not just available to first time buyers. | ||
| Available Via a Broker Only | | no | Not just available via brokers.Available direct. | ||
| Rates: | |||||
| Initial Rate APR | | 4.58% | 4.58% | ||
| Initial Rate End Date | | 31 Dec 2012 | 31 Oct 2012 | ||
| Final Rate | | 4.99% | The standard variable rate is 4.99% | ||
| Mortgage APR | | 5.2% | 5.2% | ||
| Fixed Rate End Date | | 31 Dec 2012 | Fixed interest rate until 31/12/2012 | ||
| Fixed Rate Term | | 36 months | 36 months. | ||
| Frequency of Interest Calculations | | monthly | Interest is calculated monthly | ||
| Tie-in Period After Rate | | 0 years | No tie-in period. | ||
| Suitability: | |||||
| Mortgage Type | | Fixed Rate | Fixed Rate | ||
| Repayment Mortgage | | yes | Yes | ||
| Interest Only Mortgage | | no | No | ||
| Endowment Mortgage | | yes | Yes | ||
| Maximum LTV | | 70% | 70% | ||
| Maximum Loan | | £999,999 | The maximum loan is £999999 | ||
| House Purchase Max LTV | | 70% | The maximum loan to value for house purchase is 70% LTV 70% to £999,999 | ||
| Remortgage | | yes | This product is available for remortgages. | ||
| Remortgage Max LTV | | 70% | The maximum loan to value for remortgages is 70% LTV 70% to £999,999 | ||
| First Time Buyers | | yes | This product is available to first time buyers. | ||
| First Time Buyer Max LTV | | 70% | The maximum loan to value for first time buyer is 70% LTV 70% to £999,999 | ||
| Existing Borrowers Moving Home | | yes | This product is available to existing borrowers moving home | ||
| Existing Borrowers Not Moving Home | | no | This product is not available to existing borrowers not moving home | ||
| Homemover | | yes | This product is available to homemovers. | ||
| Shared Ownership | | no | This product is not available for shared ownership. | ||
| Right to Buy Max LTV | | 100% | The maximum loan to value against purchase price for Right to buy is 100% LTV 100% to £237,500 LTV 70% to £550,000 | ||
| Restrictions: | |||||
| Maximum Term | | 40 years | 40 years. | ||
| Minimum Term | | 5 years | 5 years. | ||
| Incentives: | |||||
| Legal Fees Contribution | | yes | Choice of £200 cashback or mortgage transfer service for remortgages. | ||
| No Higher Lending Charge | | yes | No higher lending charge payable. | ||
| Facilities: | |||||
| Portable Mortgage | | yes | This product is portable. | ||
| Flexible Payments | | yes | No flexible options available. | ||
| Overpayments Available | | restricted | 10% of the outstanding loan may be repaid each year without penalty. | ||
| Payment Holiday | | no | Payment holidays are not available. | ||
| Fees & Charges: | |||||
| Application Fee % | | 1% | There is a 1.00% product fee payable. | ||
| Application Fee Added to Loan | | yes | The product fee can be added to the loan. | ||
| Early Repayment Charge | | yes | There is an early redemption charge payable. | ||
| Early Repayment Charge Amount | | 3% | ERC - 3% of the amount repaid until 31/12/2012. | ||
