Alliance & Leicester has announced that it has re-vamped its mortgage range - and introduced a five-year fix set below five per cent.
"Our latest range of mortgages is extremely competitive and demonstrates our ongoing commitment to offer great value mortgage products," said Alliance & Leicester mortgage spokesman Paul Cooper.
Of the new five year fix he commented: "This product represents a fantastic deal to borrowers who want the security of fixed monthly payments over a longer term."
Along with the five-year fix, Alliance & Leicester have refreshed the interest rates on their two year fixes and launched a new base rate tracker and two-year discount mortgage.
The tracker is set at one per cent above Bank of England base rate, with the first year charged at 4.75 per cent (5.9 per cent APR).
All these loans are available at 95 per cent LTV.To read more about mortgages, click here.
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