Two Year Fixed Rate
* 4.86% (5.6% APR) fixed until 30 June 2007 then Bank of England Base Rate plus 0.75% for life of the mortgage
* Customers can borrow up to 95% of the property value
* Product fee - £395
* Early repayment charge – 3% of the amount repaid if the mortgage is redeemed before 30 June 2007
* 10% overpayment facility
Five Year Fixed Rate
* 4.99% (5.5% APR) fixed until 30 June 2010 then Bank of England Base Rate plus 0.75% for life of the mortgage
* Customers can borrow up to 95% of the property value
* Product fee - £395
* Early repayment charge – 3% of the amount repaid if the mortgage is redeemed before 30 June 2010
* 10% overpayment facility
New Two Year Base Rate Tracker FeeSaver (Fully Flexible)
* Bank of England Base Rate (currently 4.75%) plus 0.74% for two years - current rate: 5.49% (5.7% APR) then Bank of England Base Rate plus 0.75% for life of mortgage
* Customers can borrow up to 95% of the property value
* No product fee
* Free valuation*
* £250 cashback
* Early repayment charge – 3% of the amount repaid if the mortgage is redeemed within two years
* Full flexible features**
New Two Year Base Rate Tracker (Fully Flexible)
* Bank of England Base Rate (currently 4.75%) plus 0.04% for two years - current rate: 4.79% (5.6% APR) then Bank of England Base Rate plus 0.75% for life of mortgage
* Customers can borrow up to 95% of the property value
* Product fee - £395
* Early repayment charge – 3% of the amount repaid if the mortgage is redeemed within two years
* Full flexible features**
Stephen Leonard, Director of Mortgages at Alliance & Leicester said: "Our fixed rate mortgages continue to be highly competitive and allow borrowers to benefit from the security of a fixed monthly payment at a great low rate. Due to customer demand we have also introduced a new range of two year base rate trackers for those who prefer variable payments linked to the base rate, and who want to take advantage of the flexible features, such as overpaying their mortgage to reduce their term.
"Our Feesaver option, which is available on most of our mortgages, continues to be a popular choice for first time buyers and remortgage customers who don’t want any up-front fees, and who can benefit from cashback and a refund of their valuation fee. On all our products we offer up to 95% loan to value."
For further information on Alliance & Leicester mortgage offers, customers should visit their local Alliance & Leicester branch, speak to their mortgage broker, call 0845 303 3000 (8am – 9pm Monday to Friday, 9am – 5pm Saturday, 10am – 4pm Sunday) or go online at www.alliance-leicester.co.uk
