Following the decision by the Bank of England to increase the base rate by 0.25%, Alliance & Leicester has announced a 0.25% increase in its standard variable mortgage rate.
Alliance & Leicester's new standard variable mortgage rate will be 6.84% with effect from 2 September 2005 for existing borrowers.
Alliance & Leicester mortgage products that track the Bank of England base rate are also subject to change, with existing borrower products increasing by 0.25% from 1 September 2006.
