Alliance & Leicester’s new basic variable rate is 5.79% (6.1% APR) with effect from 24 November 2003 for new borrowers and 2 December 2003 for existing borrowers.
A&L mortgage products that track the Bank of England base rate are also subject to change. New borrower products increased by 0.25% from 10 November 2003 and existing borrower products will be increased from 1 December 2003.
