Alliance & Leicester two-year fixed-rate mortgages launched
www.moneynews.co.uk > Mortgages > Alliance & Leicester two-year fixed-rate mortgages launched
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Money News |
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Alliance & Leicester two-year fixed-rate mortgages launched
Wed 22nd Nov 2006
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The rate of the Alliance & Leicester Two-Year Fixed FeeSaver mortgage was decreased by 0.05 per cent, while the bank's standard variable rate (SVR) increased by 0.25 per cent to match the new base rate.
Also, a pair of Two-Year Fixed-Rate products are fixed until December 31st 2008, offering customers the opportunity to take out 95 per cent of the property value and the rates are either 4.84 per cent or 4.99 per cent depending on the product fee paid.
Stephen Leonard, director of mortgages at Alliance & Leicester, said: "Our fixed rate mortgages continue to offer real value for money with a choice of deals available below five per cent which is ideal for those borrowers who want budgetary certainty from their monthly payments.
"We've also been able to reduce the rate on our FeeSaver deal which will particularly appeal to first time buyers and remortgagers who want to minimise their up-front costs."
Alliance & Leicester's new SVR stands at 7.09 per cent and the updated Alliance & Leicester Two-Year Fixed FeeSaver mortgage now has a rate of 5.39 per cent following the rate reduction.
The bank offers live webchat for mortgage customers on their website so the process of securing a mortgage is made a little easier.
Related News : Mortgages |
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Related News : Alliance & Leicester |
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