New Alliance & Leicester and Lloyds TSB mortgages launched

Date:Wednesday 12th November 2008

New fixed-rate and tracker mortgages are being launched by Alliance & Leicester, while Lloyds TSB is offering new tracker deals.

The Alliance & Leicester mortgages include a new two-year, fixed-rate deal at 4.49 per cent.

In addition, there is a two-year base rate tracker mortgage at 4.89 per cent for loans capped at £1 million.

All the new offers are available from Friday.

Richard Taylor, head of mortgage products at Alliance & Leicester, called the deals "very competitive products".

Lloyds TSB and Cheltenham & Gloucester are offering a number of new tracker mortgages.

Among the new rates are two-year tracker offers for 60 per cent loan-to-value (LTV) deals with rates of 4.79 per cent and 4.89 per cent, carrying fees of £1995 and £995 respectively.

Also included is a range for 75 per cent LTV products.

The "All Weather" tracker mortgages enable borrowers to switch to a Lloyds TSB or Cheltenham & Gloucester fixed-rate deal at any time without having to pay early repayment charges.