Alliance & Leicester launches new tracker mortgage

Alliance & Leicester is launching a new two year tracker mortgage product which will be available from Friday 27 June 2008. The product will be available to both new and existing customers via brokers, branches or Mortgage Direct.

Two Year Base Rate Tracker - 5.98%

5.98% (BBR +0.98%), then Base Rate +1.49%
Customers can borrow up to 75% of the property value
£999 product arrangement fee
Maximum loan - £1 million
Full flexible features

Richard Taylor, Head of Mortgage Products at Alliance & Leicester said: "The addition of this new product to our mortgage portfolio demonstrates Alliance & Leicester's commitment to the mortgage market. With both flexible features and a headline rate below 6%, it represents a great deal for both new and existing customers - particularly as fixed rate pricing continues to rise across the market."