A&L launches new range of mortgages

Alliance & Leicester has launched a new range of mortgages.
They include a two-year fixed rate at 4.86% and a five-year fixed rate at 4.99%, both for 95% LTV. A two-year base rate tracker FeeSaver, fully flexible,
with a current rate of 5.49% then Bank of England base rate plus 0.75% for the life of the mortgage. There is also a two-year base rate tracker, fully flexible, with a current rate of 4.79% then Bank of England base rate plus 0.75% for life of mortgage.

Stephen Leonard, director of mortgages at Alliance & Leicester, says: "Our fixed rate mortgages continue to be highly competitive and allow borrowers to benefit from the security of a fixed monthly payment at a great low rate.

"Due to customer demand we have also introduced a new range of two-year base rate trackers for those who prefer variable payments linked to the base rate, and who want to take advantage of the flexible features, such as overpaying their mortgage to reduce their term.

"Our Feesaver option, which is available on most of our mortgages, continues to be a popular choice for first time buyers and remortgage customers who don’t want any up-front fees, and who can benefit from cashback and a refund of their valuation fee. On all our products we offer up to 95% loan to value."