Alliance & Leicester mortgages 'competitive'

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Alliance & Leicester mortgages 'competitive'

Alliance & Leicester has announced the latest details of its range of competitive mortgage offers.

Its two and three-year fixed-rate mortgages are available at a rate of 5.79 per cent and 6.14 per cent.

Both Alliance & Leicester mortgage packages enjoy a ten per cent overpayment facility, with maximum loan rates of £250,000 and £999,999 being permitted.

Early repayment charges apply to both the Alliance & Leicester mortgages, which also possess product fees.

Richard Taylor, head of mortgages at Alliance & Leicester, said: "Our fixed-rate mortgages continue to be highly competitive and allow borrowers to benefit from the security of a fixed monthly payment at a great low rate."

He also lauded the group's two-year fixed-rate feesaver package which doesn't necessitate consumers paying an initial product.

Customers can borrow up to 95 per cent of the property's value, which will be fixed at 6.34 per cent for two years.

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