Alliance & Leicester mortgages launched

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Alliance & Leicester mortgages launched

Alliance & Leicester has launched two new mortgage deals that are available immediately and with the option of FeeSaver deals.

The FeeSaver deal allows customers to move their existing mortgage to Alliance & Leicester for free, making the move easy and potentially money saving for those on a more expensive mortgage.

The two year fixed rate mortgage comes with a 4.24 per cent fixed rate until 30 November 2007 and beyond this time the Bank of England (BoE) base rate plus 0.75 per cent for the rest of the mortgage.

However, for customers taking advantage of the FeeSaver deal, the rate for the first two years stands at 4.74 per cent, with the BoE base rate plus 0.95 per cent for the remaining lifetime of the mortgage.

Both come with a ten per cent overpayment facility.

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