They are also reducing the rate on its competitive three year fixed rate mortgage with a £599 fee to just 4.99% (from 5.49%) and its five year fixed rate mortgage with a £599 fee is now available at only 5.29% (from 5.49%).
The bank's range of products incorporates many different elements to suit a wide range of individuals' needs, including flat fee products and percentage fee products, where the rates are from just 3.49%. There is also a two year fixed rate available at 4.99% which has no fee.
They say they also have great deals for remortgagers and all deals now come with the choice of £200 cashback or free legal fees as well as refunding valuation fees.
Richard Taylor, Head of Mortgage Products at Alliance & Leicester comments: "Our mortgage portfolio is expanding and demonstrates that Alliance & Leicester is looking for new business in 2009, offering a comprehensive range of mortgage products at very competitive prices."
"We have moved in to the New Year with a great set of deals, six of which are under 4%. We are also now offering all remortgage customers a variety of options to help them choose the right deal for them."
The range is available via brokers as well as in branches or by telephone at Mortgage Direct.
