Two-Year Fixed Rate
4.24per cent (5.3 per cent APR) fixed until 30 November 2007 then Bank of England Base Rate plus 0.75 per cent for the life of the mortgage.
Customers can borrow up to 95 per cent of the property value.
Product fee - £395.
Early repayment charge – 3 per cent of the outstanding balance if the mortgage is redeemed before 30 November 2007.
10 per cent overpayment facility.
Two Year Fixed Rate - FeeSaver
4.74 per cent (5.5 per cent APR) fixed until 30 November 2007 then Bank of England Base Rate plus 0.95 per cent for the life of the mortgage.
Customers can borrow up to 95 per cent of the property value.
No product fee.
Free valuation.
Remortgage customers receive £250 cashback or Free Mortgage Transfer Service.
Early repayment charge – 3 per cent of the outstanding balance if the mortgage is redeemed before 30 November 2007.
10 per cent overpayment facility
Five-Year Fixed Rate
4.54 per cent (5.2 per cent APR) fixed until 30 November 2010 then Bank of England Base Rate plus 0.75 per cent for the life of the mortgage.
Customers can borrow up to 95 per cent of the property value.
Product fee - £395.
Early repayment charge – 3 per cent of the outstanding balance if the mortgage is redeemed before 30 November 2010.
10 per cent overpayment facility.
Stephen Leonard, director of mortgages at Alliance & Leicester said: “Alliance & Leicester has once again been able to buck the trend and maintain highly competitive fixed rate deals. We are continuing to offer our two year fixed rate priced at 4.24 per cent which is an extremely attractive rate for those who want short term security.
“Our FeeSaver deals will suit those who want to move their mortgage for free - they include no product fee, a free valuation and remortgage customers can opt for free legals. This is ideal for first-time buyers or those who want to keep their up-front costs to a minimum but still benefit from budgetary certainty in their monthly mortgage payments.”
