Alliance & Leicester mortgage deals revised

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Alliance & Leicester mortgage deals revised

Borrowers looking to switch to a variable mortgage deal might be interested to learn of revised rates at Alliance & Leicester.

The bank has opted to raise the rates slightly on three products to reflect recent increases in the Bank of England base rate.

Now, it has raised the rate on its 5.44 per cent and 5.59 per cent two-year base rate trackers to 5.54 per cent and 5.79 per cent respectively.

Also, the rate on its two-year FeeSaver tracker has been increased from 5.99 per cent to 6.09 per cent.

Richard Taylor, head of mortgage products at the bank, said the "modest" bring the rates in line with the market.

"Our portfolio of mortgages continues to offer customers a wide range of choice to ensure they benefit from the best possible deal that suits their needs," he added.

Last month, Alliance & Leicester launched three new fixed-rate mortgage products.

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