Summary:
Two Year Fixed Rate
* 4.59% (5.6% APR) fixed until 31 August 2007, followed by Bank of England Base Rate plus 0.75% for the life of the mortgage
* Customers can borrow up to 95% of the property value
* Product fee - £395
* Early repayment charge - 3% of the amount repaid if the mortgage is redeemed before 31st August 2007
* 10% overpayment facility
Five Year Fixed Rate
* 4.64% (5.4% APR) fixed until 31 August 2010, followed by Bank of England Base Rate plus 0.75% for the life of the mortgage
* Customers can borrow up to 95% of the property value
* Product fee - £395
* Early repayment charge - 3% of the amount repaid if the mortgage is redeemed before 31st August 2010
* 10% overpayment facility
Stephen Leonard, Director of Mortgages at Alliance & Leicester said: "Our latest fixed rate mortgages offer even more competitive rates and demonstrate Alliance & Leicester's ongoing commitment to offering great value mortgage products. Fixed rate mortgages are currently very popular, with many people looking for budgetary certainty at a time when the economic outlook is unclear. I believe that these new deals will prove to be very popular."
