Alliance & Leicester mortgage rates change

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Alliance & Leicester mortgage rates change

The Alliance & Leicester two-year base rate tracker and two-year fixed-rate mortgage products have had their rates adjusted in line with the recent Bank of England base rate hike.

Following the base rate minus 0.26 per cent for two years, the Alliance & Leicester two-year base rate tracker is available at 95 per cent loan to value and its rate will be 4.99 per cent at present.

In addition, the Alliance & Leicester two-year fixed-rate mortgage has its rate of 5.24 per cent fixed until February 28th 2009 and then the product reverts to the standard variable rate which currently stands at 7.39 per cent.

Stephen Leonard, director of mortgages at Alliance & Leicester, remarked: "We continue to present a range of mortgages that offer great choice and value.

"We also have a base rate tracker available at sub-five percent for those new and existing customers who are buying or moving house and prefer variable deals."

The bank has stated its intention to make changes to its savings accounts and these will take place on February 2nd.

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