Two Year Fixed Rate
- 4.64% (5.6% APR) fixed until 31 August 2007 then Bank of England Base Rate plus 0.75% for the 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 31 August 2007
- 10% overpayment facility
Five Year Fixed Rate
- 4.84% (5.5% APR) fixed until 31 August 2010 then Bank of England Base Rate plus 0.75% for the 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 31 August 2010
- 10% overpayment facility
Remortgage exclusive - Two Year Base Rate Tracker (Flexible)
- Bank of England Base Rate (currently 4.75%) plus 0.44% for two years - current rate: 5.19% (5.8% APR) then Bank of England Base Rate plus 0.95% for the life of mortgage
- Remortgage customers can borrow up to 95% of the property value
- No product fee
- £250 cashback or Free Mortgage Transfer Service1
- Early repayment charge - 3% of the amount repaid if the mortgage is redeemed in full within two years
- Fully flexible features2
Stephen Leonard, Director of Mortgages at Alliance & Leicester said: "Our latest mortgage re-price offers a highly competitive range of fixed and tracker mortgages. Our fixed rate products will suit those people who are looking for budgetary certainty from their monthly mortgage payments, whilst our trackers will suit those who prefer a variable rate.
"Our range includes deals for those people looking to buy or move home, as well as for those who simply want to take advantage of competitive rates by remortgaging. Our remortgage exclusive Two Year Base Rate Tracker deal, available direct or through mortgage intermediaries, will suit those who are looking to take advantage of our free Mortgage Transfer Service and get a great value deal that tracks the Bank of England Base Rate."
