Alliance & Leicester mortgages relaunched

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Alliance & Leicester mortgages relaunched

A number of Alliance & Leicester mortgages will be available to all customers with new rates, starting from today.

The two-year fixed-rate mortgage will be reduced 0.2 per cent to give a rate of 4.39 per cent until March 31st 2008.

Meanwhile, the two-year fixed-rate FeeSaver mortgage will see a 0.1 per cent reduction in rates, to give 4.99 per cent.

Following the initial fixed rate period, customers will pay the Bank of England (BoE) base rate plus 0.99 per cent for the life of the mortgage for both of the above products.

Furthermore, both of the above Alliance & Leicester mortgages have a maximum loan to value (LTV) of 95 per cent and a ten per cent overpayment facility.

These facilities make them ideal for those on a budget, concludes Stephen Leonard, head of mortgages at Alliance & Leicester.

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