A&L introduces new “thank you’s” for mortgage customers

All customers taking out an Alliance & Leicester mortgage in July will be eligible for a regular savings account paying 15% pa gross/AER. In addition, any existing Alliance & Leicester customer who recommends a friend for an Alliance & Leicester mortgage will receive £50 in high street vouchers – as will the mortgage applicant. Both offers are available through branches or by telephone via Alliance & Leicester’s Mortgage Direct service.

Richard Taylor, Head of Mortgages at Alliance & Leicester, said: “Alliance & Leicester’s mortgages are regarded as among the most competitive on the market, and this new savings account makes them even more attractive. Throughout July, our staff will be offering new mortgage customers the chance to earn a very attractive 15% interest rate on their savings, thanks to our new market-leading Mortgage Regular Saver account.”

The Mortgage Regular Saver (MRS) offers:

A market-leading rate of 15% gross p.a. / AER and gives customers a superb place to invest their savings

The savings account has a 12 month term

Customers opt for a monthly payment of between £10 and £250

Withdrawals are not permitted during the 12 month term

The offer runs from 2 July 2007 to 5 August 2007

The new Mortgage Regular Saver product is designed to help customers make their cash go further by saving a fixed amount each month for a year, in a market leading account.

Taylor continues: “Many people switch their mortgage in order to reduce their monthly payments, so why not put this surplus away in a high-interest savings account? At the end of the 12 month period they will have saved up a very nice nest egg.”

In addition, any Alliance & Leicester customer who recommends one of the bank’s superb mortgage deals can cash in on the popular Recommend a Friend offer and receive £50 in shopping vouchers – for both them and any friends they introduce.