Alliance & Leicester improves fixed rate mortgages

Alliance & Leicester has reduced rates and fees on a selection of its fixed rate mortgages, enabling customers to borrow up to 85% of their property value and take advantage of market-leading 2 and 3-year fixed rate offers.

The bank's new portfolio includes:

2 year Fixed Rate: up to 75% Loan to Value
3.49% with a 2% arrangement fee (previously 3.69%)
3.99% with a 1% arrangement fee (previously 4.19%)
4.54% FeeSaver mortgage with no arrangement fee (previously 4.69%)
2 year Fixed Rate: up to 85% Loan to Value
5.64% with a 1% arrangement fee, maximum loan £250,000 (new offer)
3 year Fixed Rate
4.19% - up to 60% Loan to Value, 1% arrangement fee (new offer)
4.34% - up to 75% Loan to Value, 1% arrangement fee (new offer)
5.99% - up to 85% Loan to Value, 1% arrangement fee, maximum loan £250,000 (new offer)

Commenting on the new portfolio, Nici Audhlam-Gardiner, Director of Alliance & Leicester Mortgages said: "Our mortgage portfolio is expanding and demonstrates that Alliance & Leicester is committed to offering a comprehensive range of mortgage products. We have reduced our two year fixed rate offer and introduced new three year fixed rates with lower arrangement fees. Our portfolio offers market leading rates and I am confident that they will prove to be popular with our new and existing customers."

Alliance & Leicester also has great deals for remortgage customers and all of the deals come with the choice of £200 cashback or free legal fees as well as refunding valuation fees on completion.


For further information, visit alliance-leicester.co.uk