The two-year fixed rate has a rate of 4.95% (6.9% APR) fixed until 30 December 2006. Customers can borrow up to 95% of the property value, while the £395 arrangement fee has been reduced from £595.
The two- year discounted rate has a 2.40% discount off Alliance & Leicester's standard variable rate (currently 6.84%) for two years - current rate: 4.44% (6.8% APR). Customers can borrow up to 95% of the property value and the £395 arrangement fee is reduced from £595.
Mehrdad Yousefi, head of intermediary mortgages at Alliance & Leicester, commented: "Our mortgage deals are consistently competitive and these latest improvements to our deals make them some of the best in the market. We've slashed the arrangement fees on our standard two-year fixed and two-year
discounted products by £200 whilst still offering up to 95% LTV on all our products. These deals demonstrate our ongoing commitment to mortgage intermediaries and our determination to provide great value products to meet the needs of their clients."
