Alliance and Leicester deals?

DNK

Just a quick one...

Any of you currently with Alliance & Leicester and been offered new mortgage deals?
Mine ends next month and I haven't had a chance to go in to speak to them yet (tried ringing but some crappy answerphone service where they fail to call back.)
Won't have a chance to go in until the end of the week so asking here first.
Their rates on the web for current customers are appauling to be honest.

Currently looking at Nationwide 5yr fixed 5.98% with £599 fee, I'm doubtful A+L would beat it.

Ta

andyyorks

Hi DNK,

I'm in exactly the same situation. I called A & L and the best they could offer was a 3 year fix at about 6.5%. It's a bit frustrating as a couple of other mortgage providers (Nationwide I think) are offering better deals for existing customers.

I currently filling out the forms for the Nationwide 5 year fix to reserve it but I'm hopeful something better might come along before the mortgage offer comes in. Also looking at Newcastle's 5 year fix at 5.6% but that does come with approx £1600 fees as there's no free valuation or legals' offers. I'm also right on their income multiple criteria and it would need to be referred to their underwriting team but there's a £99 reservation fee with the product. I need to call them tomorrow to see if they can make a decision without the £99.

Here's hoping A & L come up with something good in the next couple of weeks and saves us a lot of hassle (and money of course!)

Andy

klaatu

Same here. A&L had nothing to tempt me after my discount rate ends next month. I'm moving to the HSBC lifetime tracker.

crewdy123

Exactly the same here quite frustrating. I came out of my fixed 4.99% on to SVR 7.19% with A and L last month i got on the phone to them but their offers are rediculous £999 / 2% product fees their having a laugh. My situation is slightly different though as i have 73k on 7.19% and 40k on a tracker with AandL at 5.3% (no early reypayement charge on either now because the 73k is outa fixed rate) They have given me permission to let for a small fee so im am currently doing that and living with parents at the mo! If i wasnt letting it out i would cange to HSBC tracker which have small fees and quite a good rate (NO TIE IN). At the moment i have decided to pay the extra for a couple of months as some one is paying my moRtgage yeeehaaaa (feels sooo good) and can change deal at any time with no early payement charge.

klaatu in the above post is doing what i would do! He has the right idea i reccon! HSBC! Come on A&L i guess you must be trying to get rid of your customers. If you are your doing a good job so carry on!

If anyone knows any good offers that i can put the whole ballance togeather and gain permission to let from the lender please let me know!

Buy to let deals are stupid also 2% fees haha yeah rite id be back to where i started a year ago!!!!!!!!!!!!!!

C YA

MINMOUSE

We have a fixed rate with A & L due to end 31.10.2008, I called them and was told that when our fixed rate end it will automatically go onto a deal where our new rate will be 0.75 above the BOE base rate till the end of the mortgage.
I can not remember this being advised when our fixed rate was set up but am happy all the same. She said that a lot of people were not aware of this arrangement so might be an idea to check to see if you have this deal.

GETITPAID

My mortgage is the same as the previous post.I will also go straight on to the tracker rate of 5.75%. I was unaware are of this but if you look under section eight of your mortgage agreement it will tell you if you fall into this fortunate bracket.Hope this helps.

AbbieCadabra

our 3 year deal ends next month & we had the letter recently confirming the new rate & payments.

looking at their current rates, i'd been expecting around £100-£150 per month extra to pay but was very pleased to see it increase by about £40!

i couldnt understand the rate of 5.75%, so thanks for the extra info (a lesson about reading the small print, for once in goes in our favour!)

DNK

Read through my mortgage, unfortunately I do go back to their stand rate of 7.19%.
Spoke to them and the offers were rubbish (same naff rates as on their website!)
Found C&G 5 yr fixed 5.75% (using mortgagegenie to get £218 cashback) so just sorting out the paperwork for that.

Cheers