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Alliance and Leicester unveils new fixed-rates and tracker
11 December 2008 17:05
Alliance and Leicester has announced the launch of a new tracker deal and reductions in its fixed-rate products.
The lender has cut its two-year fixed-rate deals by up to 0.5 per cent, with rates now varying from 3.99 per cent at 60 per cent loan-to-value (LTV) up to 4.99 per cent with 75 per cent LTV.
As for the new tracker deal, customers can purchase the new two-year base rate offer at 3.99 per cent with a one per cent fee at 60 per cent LTV.
Richard Taylor, head of mortgage products at Alliance and Leicester, said that group was thrilled to offer these new deals to consumers, which showed that the lender was still competitive in the current home loan market.
He added that the latest two-year fixed-rate range and two-year tracker products were particularly strong, demonstrating good value for money.
Earlier this year, Alliance and Leicester was handed the title of Best Lender for First Time Buyer Products at the Legal and General Mortgage Club Awards.
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