A&L withdraw a two year fixed rate product from its range

Alliance & Leicester has announced that it will be withdrawing its 4.99% Two Year Fixed Rate product as from the close of business on Saturday 29 March 2008.

The bank has communicated this decision to all Intermediary partners in the usual manner and timeframe, ensuring they have time to process current applications.

Richard Taylor, Head of Mortgage Products at Alliance & Leicester, says: “Over the past few days we have seen a high demand for our 4.99% two year fixed rate product and therefore we have taken the decision to remove it from the range, in order to manage the volume of business we are receiving at present.”