Alliance Leicester Premier Tracker mortgages

Mortgage Plan : Premier 2 Year Base Rate Tracker Max LTV 90%

Initial Interest Rate: 5.89% for two years

Rate for remaining term (Variable): 6.74%


Overall cost of comparison (APR): 6.8%


Early repayment charges Apply?: Yes*

Product Fee: £499

• Exclusive mortgage deals for new and existing Premier and Premier Direct Current Account customers taking out a new mortgage.

• Keep your payments lower for the first two years of your mortgage with a rate of Bank of England Base Rate +0.14%.

• Then Bank of England Base Rate 2.14% for the remainder of the term (variable)

• Loans available between £25,000 and £999,999.

• Fully Flexible - you can overpay, and with the overpayments you build up, you can borrow money back, take payment holidays, or pay less in some months.

• *Early Repayment Charge: You are only tied into your mortgage during the first two years.

• Repay all or part of your mortgage in years one to two and pay a fee of 3% of the amount repaid.

Link to previous article: Alliance Leicester Premier Fixed Rate mortgages