Alliance & Leicester launches new fixed-rate mortgage

23-May-2007

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

Available to both first time home buyers and repeat purchasers from today (May 23rd), the new mortgage offers an interest rate of 5.49 per cent, fixed over a period of two years and available with a loan-to-value of up to 95 per cent.

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

"Our latest range of mortgages offers great value for money to new and existing customers," said Stephen Leonard, director of mortgages at Alliance & Leicester.

"[We] offer great choice to borrowers, whether they are looking for the security of a fixed-rate or the leading headline rate of a variable rate," he added.

The lender has also launched today a new two-year base rate tracker product, which currently features an interest rate of 5.23 per cent.

Alliance & Leicester offers a range of financial services and products, including current accounts and credit cards.

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