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Alliance & Leicester introduces intermediary re-mortgage deals

These re-mortgage offers all come with the choice of GBP200 cashback or free legal fees and a refunded valuation fee

Alliance & Leicester, a UK-based financial services company and a part of the Santander Group, has launched new re-mortgage deals with three of its key intermediary partners.


According to the deals, Legal & General will be offering a two-year fixed rate remortgage deal at 3.89%. The product has a GBP1,499 fee and is available up to 60% LTV with a maximum loan of GBP250,000; and Openwork will be offering a two-year fixed rate remortgage deal at 4.49%. The product has a GBP599 fee and is available up to 70% LTV with a maximum loan of GBP500,000.


, added Alliance & Leicester.


Adrian Whittaker, key account director for intermediaries at Abbey and Alliance & Leicester, said: These exclusive deals for three of our key intermediary partners demonstrate Alliance & Leicester’s increased appetite for mortgage lending in 2009 and a clear commitment to the intermediary market. These products are sure to perform well in the market place and they complement the mortgage offers in our mainstream range.


Alliance & Leicester is part of the Santander Group, one of the world’s largest banking groups. Santander is one of the key banks by market capitalisation and number one in the Euro zone. Santander has built its own business model which rests on the following pillars: focus on commercial banking through the biggest branch network in international banking, geographical diversification and prudent risk management, the very latest technology in the service of commercial efficiency and capital discipline.