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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 Tracker Mortgages

    Alliance & Leicester tracker mortgages will follow any movements in the Bank of England base rate.

    Its 2 year base rate tracker mortgage on a maximum loan of £250,000 guarantees low monthly repayments in the initial period of the mortgage repayment.

    You could also consider Alliance & Leicester’s 2 year base rate tracker fee saver deal which has a competitive rate and no product fees whatsoever.

    Alliance & Leicester’s fee saver mortgages enable customers to receive a free valuation of their property. Both deals are fully flexible which can benefit customers whose income varies. It enables them to make overpayments, underpayments or even take a payment holiday.

    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.

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