This is following the decision by the Bank of England to increase the base rate by 0.25 per cent
Alliance & Leicester's new basic variable rate is 6.84% (7.3% APR) with effect from 19 August 2004 for new borrowers and 2 September 2004 for existing borrowers.
Alliance & Leicester mortgage products that track the Bank of England base rate are also subject to change. New borrower products increased by 0.25% on 9 August 2004 and existing borrower products will be increased from 1 September 2004.
