Alliance & Leicester's new basic variable rate is 6.29% (6.7% APR) with effect from 24 May 2004 for new borrowers and 2 June 2004 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 May 2004 and existing borrower products will be increased from 1 June 2004.
