A two year fixed rate is now available from just 4.29 per cent with a £299 fee.
As well as the rate and fee cuts, Alliance & Leicester is also introducing two new competitive deals to its mortgage range, including a two year fixed rate at only 3.84 per cent with a £995 and a two year tracker at just 3.64 per cent with a £995 fee.
Ricky Okey, Managing Director of Alliance & Leicester Intermediary Sales, commented: “Customers looking for a fixed rate mortgage with Alliance & Leicester can now save £300 off the fee and take advantage of the certainty of monthly payments on a 2, 3 or 5-year fixed rate deal. Alternatively, customers looking for an even lower rate can fix for 2 years and secure this with a fee of £995. These fixed rate mortgages are ideal for customers who want the certainty of a set payment each month.”
Product changes are as follows:
60 per cent loan-to-value:
· 2-year fix at 3.84 per cent with a £995 fee
· 2-year tracker at 3.64 per cent with a £995 fee.
75 per cent loan-to-value:
· 2-year fix at 4.29 per cent with a £299 fee
· 3-year fixed rate at 4.64 per cent with a £299 fee
· 5-year fixed rate at 4.89 per cent with a £299 fee
· 2-year tracker at 3.99 per cent with a £995 fee
· 2-year fix at 4.09 per cent with a £995 fee
For further information on the full range of Alliance & Leicester products, mortgage brokers should visit www.al.intermediary.co.uk or call 0844 8009999.
