The range includes:
- Buy-to-let rental cover of only 115 per cent required at product pay rate on three-year fixed and three-year tracker products.
Tracker products:
- Buy-to-let - two-year 4.94 per cent (BBR+0.19 per cent), maximum loan-to-value (LTV) 75 per cent, arrangement fee - £699
- Self-certified - two-year 5.00 per cent (BBR+0.25 per cent), maximum LTV 75 per cent, arrangement fee - £699
- Near prime - two-year 5.50 per cent (BBR+0.75 per cent), maximum LTV 80 per cent, arrangement fee - £699
Mehrdad Yousefi, head of intermediary mortgages at Alliance & Leicester commented: "We entered the specialist mortgage market with a view to offering some great mortgage deals. The reaction from both intermediaries and their clients has been very positive, and therefore we have decided to offer a more comprehensive product range.
"As part of our phased launch into this market, we are also extending our distribution network so that all Directly Authorised brokers and Mortgage Clubs can now access our specialist mortgage range."
Other products in Alliance & Leicester's specialist lending range include:
Buy-to-let
Base Rate trackers
- Two-year - 5.10 per cent (BBR+0.35 per cent), maximum LTV 85 per cent, arrangement fee - £699
- Three-year - 5.10 per cent (BBR+0.35 per cent), maximum LTV 75 per cent, arrangement fee - £699
- Three-year - 5.30 per cent (BBR+0.55 per cent), maximum LTV 85 per cent, arrangement fee - £699
Fixed rates
- 5.49 per cent fixed for three years, maximum LTV 75 per cent, free valuation(1) and for re-mortgage customers £250 cashback(2), arrangement fee - £699
- 5.69 per cent fixed for three years, maximum LTV 85 per cent, free valuation(1) and for re-mortgage customers £250 cashback(2), arrangement fee - £699
Key: (1) Free valuation - refunded upon completion
(2) £250 cashback - paid on completion to remortgage customers
Self-certified
Base Rate tracker
- Two-year - 5.20 per cent (BBR+0.45 per cent), maximum LTV 85 per cent, arrangement fee - £699
Near Prime
Base Rate tracker
- Two-year - 5.65 per cent (BBR+0.90 per cent), maximum LTV 90 per cent, arrangement fee - £699
Self-certified near prime
Base Rate trackers
- Two-year - 5.70 per cent (BBR+0.95 per cent), maximum LTV 80 per cent, arrangement fee - £699
- Two-year - 5.80 per cent (BBR+1.10 per cent) maximum LTV 85 per cent, arrangement fee - £699
