Alliance & Leicester mortgage range expanded

Date:Friday 20th February 2009
Author: Susanna Kavka

Changes have been announced to the Alliance & Leicester mortgage range.

The line has been expanded with a two-year fixed-rate mortgage for loans-to-value (LTVs) of up to 75 per cent.

Rates begin at 3.49 per cent.

For another two-year, fixed-rate deal, this time for 85 per cent LTV, the rate is 5.64 per cent and the arrangement fee is one per cent.

It is available for loans of up to £250,000. Fixed-rate offers for three-year terms are also on offer. Remortgage options are also available.

Nici Audhlam-Gardiner, director of mortgages at Alliance & Leicester, expressed confidence that the deals would be popular with borrowers.

Last month, Alliance & Leicester announced that it had cut its mortgage rates.

It also brought in two new five-year, fixed-rate offers which allowed borrowers to choose between a one per cent fee or one of £999.

New tracker mortgages were launched at the same time.