Alliance & Leicester mortgage deals re-priced

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Alliance & Leicester mortgage deals re-priced

Alliance & Leicester has changed the rates on its three and five-year fixed-rate mortgages, which are available from October 17th.

The rate for three and five-year fixed-rate mortgages has been lowered from 6.12 per cent to 5.99 per cent. The product fee for both of these home loan options is £599.

Meanwhile, rates for three and five-year fixed-rate FeeSavers - which do not have a product fee - have been reduced from 6.39 per cent to 6.24 per cent.

Rates for the three-year options are fixed until November 30th, 2010, after which the standard variable rate will apply. Rates for the five-year mortgages are fixed until November 30th, 2012.

Richard Taylor, head of mortgage products at Alliance & Leicester, commented: "These deals are available to both new and existing customers, with the option of a lower rate and a fee of just £599 or a slightly higher rate and the benefit of no fees, as well as free valuation and legal fees."

Additional financial products offered by Alliance & Leicester include savings and current accounts, among others.

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