Alliance and Leicester urges homeowners to remortgage

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Alliance and Leicester is inviting borrowers to consider its "remortgage freebies" as part of a new specialist range introduced this week.

Customers purchasing a buy to let, self-certified or near-prime mortgage will receive a two-year fixed-rate introductory period with valuation costs refunded on completion.

Mehrdad Yousefi, head of intermediary mortgages at Alliance and Leicester, said: "Our comprehensive specialist product range offers great value and choice to brokers and their clients."

"Weve maintained our tracker deals and our fixed rates have only increased marginally to reflect swap rate changes," he added.

The bank is offering £250 cashback on completion to those seeking to remortgage, an offer which it extends to include one of its two buy to let offerings.

Borrowers will be able to apply for the new mortgages from Thursday November 9th to make the most of what Alliance and Leicester calls "highly competitive" interest rates.

Alliance and Leicester offers a step-by-step guide to customers of other banks wishing to remortgage, as well as a fee-free switching process for its own existing customers.

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