A&L enhances range

The changes include:

Two-year tracker (reduced by 0.15%)

• 4.69% (6.0%APR) tracking Bank of England Base Rate minus 0.31% for two years, then Bank of England Base Rate plus 0.99% (currently 5.99%).
• Available to those buying or moving house, and all existing Alliance & Leicester mortgage customers
• Customers can borrow up to 95% of the property value
• Maximum loan - £250,000
• Product fee - £599
• Early repayment charge – 3% of the outstanding balance if the mortgage is redeemed during the two year offer period
• Full flexible features

Two-year tracker FeeSaver (reduced by 0.10%)

• 5.14% (6.0% APR) tracking Bank of England Base Rate plus 0.14% for two years, then Bank of England Base Rate plus 0.99%.
• Customers can borrow up to 95% of the property value
• Maximum loan - £999,999
• No product fee
• Free valuation
• Remortgagers get £250 Cashback or free Mortgage Transfer Service
• Early repayment charge – 3% of the outstanding balance if the mortgage is redeemed during the two year offer period
• Full flexible features

Two Year Tracker – for remortgagers

• 4.94% (6.0% APR) tracking the Bank of England Base Rate minus 0.06% for two years, then Bank of England Base Rate plus 0.99% (currently 5.99%).
• Available for those remortgaging to Alliance & Leicester, and to all existing Alliance & Leicester mortgage customers
• Customers can borrow up to 95% of the property value
• Maximum loan - £999,999
• Product fee - £599
• Free valuation
• £250 Cashbackor free Mortgage Transfer Service
• Early repayment charge – 3% of the outstanding balance if the mortgage is redeemed during the two year offer period
• Full flexible features

Stephen Leonard, director of mortgages at Alliance & Leicester, commented: “The latest mortgages from Alliance & Leicester demonstrate our recognition of both new and existing borrowers. Unlike some other lenders, we ensure our existing borrowers have our best deals available to them ensuring a level playing field with new borrowers."