Alliance & Leicester updates mortgage range

Alliance & Leicester is updating its variable rate mortgages from Friday, 21 September 2007.

The new offers include:

Two year Base Rate Tracker 5.79% (BBR +0.04%)(previously 5.59%)

Customers can borrow up to 95% of the property value
Product fee - £599
Early repayment charges apply for first two years
Full flexible features
Maximum loan £999,999

Two year Base Rate Tracker 5.54% (BBR -0.21%)(previously 5.44%)

Customers can borrow up to 95% of the property value
Product fee - £1,499
Early repayment charges apply for first two years
Full flexible features
Maximum loan £500,000

Two year FeeSaver Tracker 6.09% (BBR +0.34%)(previously 5.99%)

Customers can borrow up to 95% of the property value
No product fee
Early repayment charges apply for first two years
Full flexible features
Free valuation

Remortgage cusomers get £250 Cashback or free Mortgage Transfer Service

Maximum loan £999,999

Richard Taylor, Head of Mortgage Products at Alliance & Leicester, said: “We are keeping our competitive fixed rate deals, but in line with the market our variable rates have been raised by a modest amount.

“Our portfolio of mortgages continues to offer customers a wide range of choice to ensure they benefit from the best possible deal that suits their needs. Alliance & Leicester’s FeeSaver option also continues to be a very popular choice for first time buyers and remortgage customers, who do not want any up-front fees.”

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