The prime self cert two year fixed rate has had its rate reduced from 6.24 per cent to 6.14 per cent, and is available with 85 per cent (loan-to-value) LTV and an arrangement fee of £1999. The prime self cert two year tracker has a BBR -0.15 per cent and will revert to BBR +2.14 per cent at the end of the term, this comes with the same LTV and arrangement fee as the fixed rate.
The near prime buy-to-let two year fixed rate has had its rate reduced from 6.15 per cent to 6.05 per cent, this comes with a 75 per cent LTV and an arrangement fee of £1999 and reverts to BBR +2.49 per cent at the end of the term. The near prime two year fixed rate has also had its rate reduced from 6.13 per cent to 6.03 per cent and comes with maximum 75 per cent LTV, an arrangement fee of £1,999 and reverts to BBR +2.39 per cent at the end of the term.
Jeremy Claridge, head of Specialist Mortgages at Alliance & Leicester, said: "We are continuing to review and improve our specialist mortgages to ensure they offer real choice and value for money. We recognise that an individual's personal circumstances and borrowing needs can change. Our latest Self Cert and Near Prime deals are available to both new and existing borrowers who are either moving home or seeking to remortgage."
