These will enable customers to borrow up to 85% of their property value and take advantage of 2 and 3-year fixed rate offers.
The bank's new portfolio includes:
2 year Fixed Rate: up to 75% Loan to Value
3.49% with a 2% arrangement fee (previously 3.69%)
3.99% with a 1% arrangement fee (previously 4.19%)
4.54% FeeSaver* mortgage with no arrangement fee (previously 4.69%)
2 year Fixed Rate: up to 85% Loan to Value
5.64% with a 1% arrangement fee, maximum loan £250,000 (new offer)
3 year Fixed Rate:
4.19% - up to 60% Loan to Value, 1% arrangement fee (new offer)
4.34% - up to 75% Loan to Value, 1% arrangement fee (new offer)
5.99% - up to 85% Loan to Value, 1% arrangement fee, maximum loan £250,000 (new offer)
Commenting on the new portfolio, Nici Audhlam-Gardiner, director of Alliance & Leicester Mortgages said: "Our mortgage portfolio is expanding and demonstrates that Alliance & Leicester is committed to offering a comprehensive range of mortgage products. We have reduced our two year fixed rate offer and introduced new three year fixed rates with lower arrangement fees.”
Alliance & Leicester also has special deals for remortgage customers and all of the deals come with the choice of £200 cashback or free legal fees as well as refunding valuation fees on completion.
