Alliance & Leicester launches new fixed-rate mortgage

14-Mar-2007

Alliance & Leicester has announced the launch of a new fixed-rate mortgage, which could be of interest to prospective first time buyers.

Available with an interest rate of 5.11 per cent fixed until March 31st 2009, the lender's new product is available for loans up to a maximum of £250,000, which may be interesting to would-be first time buyers concerned about future interest rate rises.

Upon the expiry of the fixed-rate period, interest reverts to the lender's standard variable rate which is currently 7.39 per cent.

To find out more about this mortgage and other mortgages for first time buyers, click here.

"The very competitive mortgage deals already available at Alliance & Leicester are being further improved," said Stephen Leonard, director of Mortgages at Alliance & Leicester.

The lender has also announced the launch of its new premier fixed-mortgage product, in addition to the launch of a new two-year base rate tracker.

In addition to mortgages, Alliance & Leicester offers a range of financial products and services, including secured loans and credit cards.

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