Alliance & Leicester launches new mortgage deals

Alliance & Leicester is launching a new range of mortgage products, which will be available via brokers, branches and our call centre from Friday 9 May 2008.

The bank continues to offer a full prime residential portfolio to a maximum of 90% LTV, and has introduced lower rates for mortgages with a maximum LTV of 75%.

The new range includes a wide range of mortgage products with different features enabling customers to choose what term to fix over, whether to go for a no fee product, or to choose a product that tracks the Bank of England base rate. The range includes:

Two Year Fixed Rate - 5.99%

5.99% fixed until 31 July 2010, then Standard Variable Rate
Customers can borrow up to 75% of the property value
2% product arrangement fee
Maximum loan - £1 million
10% overpayment facility

Two Year Base Rate Tracker - 5.89%

5.89% (BBR +0.89%), then Base Rate +1.49%
Customers can borrow up to 75% of the property value
2% product arrangement fee
Maximum loan - £1 million
No early repayment charge
Full flexible features