Alliance & Leicester launches new mortgage range

25 May 2005
A new range of mortgages is available from Alliance & Leicester today.

The range includes several highly competitive fixed rate deals and a reduced rate on an exclusive remortgage product.

Borrowers can take advantage of a two year fixed rate deal fixed at 4.64 per cent until August 31st 2007 (5.6 per cent APR), then reverting to Bank of England base rate plus 0.75 per cent for the life of the mortgage.

The five year fixed rate mortgage, meanwhile, offers 4.84 per cent (5.5 per cent APR) until August 31st 2010, after which it reverts to the same Bank of England base rate plus 0.75 per cent scheme.

Remortgagers might be tempted by the exclusive two year base rate tracker mortgage, at current rates of 5.19 per cent (5.8 per cent APR), then Bank of England base rate plus 0.95 per cent for the life of the mortgage.

"Our latest mortgage re-price offers a highly competitive range of fixed and tracker mortgages," said Stephen Leonard, director of mortgages at Alliance & Leicester.

"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."

The two year base rate tracker deal is available directly or through intermediaries.

Click here to compare the best mortgage deals.

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