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  • The number of homes sold at ?1 million and above has tripled over the last five years. ?1 million pound plus mortgages in England and Wales have increased from 2,249 in June 2002 to 6,170 in June of this year, with London accounting for the highest proportion of sales at 58%. Halifax ...

    Those seeking a lifetime tracker mortgage should look to the HSBC as it has lowered the interest rate on its fee-free mortgage from 6.45% to 6.44%. Available at up to 90% loan to value, the lifetime tracker follows the Bank of England's base rate at 0.69% above. The new mortgage has been ...

    The growing fascination with DIY looks set to grow as ever increasing numbers of mortgage holders make improvements to make their homes more valuable. Halifax figures show that nearly 25% of homeowners who carried out DIY in the last year do so in the hope that it would help increase the ...

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  • Alliance & Leicester Mortgages

    Alliance & Leicester have been arranging mortgages for years, so whether you are buying a new home or changing your mortgage, Alliance & Leicester can help.

    If you want to pay a set amount every month, you could consider an Alliance & Leicester fixed-rate mortgage or possibly you are better suited to a base-rate tracker mortgage.

    Alliance & Leicester also has a wide portfolio of standard variable rate mortgages and discount mortgages.

    The Alliance & Leicester Group can trace its origins back to 1852 and the formation of the Leicester Permanent Benefit Society.

    Two key events in the history of the Group were the merger between the Alliance Building Society and Leicester Building Society in 1985 to form the Alliance & Leicester and the purchase of Girobank from the Post Office in 1990.

    The Alliance & Leicester group currently has over 5 million personal customers and holds around 3% of the UK mortgage market.

    Latest News on Alliance & Leicester mortgages:

    Alliance & Leicester has introduced a new range of specialist mortgage deals. They have introduced two prime self-cert and two near-prime mortgages.

    The first prime self-cert mortgage has a 2 year fixed rate of 6.14% while the other has a two-year tracker rate of 0.15% below the current Bank of England base rate.

    The first near-prime mortgage is a buy-to-let with a 2year fixed rate of 6.05%, while the other mortgage has a 2 year fixed rate of 6.03%.

    Last week, the Alliance and Leicester raised its standard variable rate (SVR) on its mortgages by 0.25%.
    Jeremy Claridge, who is head of specialist mortgages at Alliance & Leicester, said that the new products are the result of continual review to ensure customers get “real choice and value for money”.

    He said : “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.”

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