Alliance & Leicester launches new mortgage range

09-Oct-2006

Alliance & Leicester has announced a new range of mortgages, suitable for both first time buyers and those buying for a second or third time.

First time buyers may be attracted by Alliance & Leicester's new range of fixed-rate, two and three-year mortgage options, priced at 4.64 per cent and 4.94 per cent respectively.

The mortgage lender is also offering a two-year base rate tracking mortgage package for minus 0.36 per cent for two years; a current interest rate of 4.39 per cent.

"We've sharpened up some of our fixed and discounted rates and reduced some of the product fees, making this latest range of mortgages even more competitive," said Mehrdad Yousefi, head of intermediary mortgages at Alliance & Leicester.

Alliance & Leicester has reduced a number of its product-fees by £200; the two-year fixed-rate package now carries a product fee of £799, while the two-year base rate tracker has a reduced fee of £499.

In addition to mortgages, Alliance & Leicester also offers a range of current accounts, secured and personal loans.

The FirstRungNow table of best mortgages describes features of the best buys for first time buyers.

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