View more on these topics

Alliance & Leicester reduces fixed rates

Alliance & Leicester has reduced rates and fees on a selection of its fixed rate mortgages, enabling customers to borrow up to 85% of their property value.

Its range includes a two-year fixed rate of up to 85% LTV, with a 5.64% rate, 1% arrangement fee and a maximum loan £250,000.

It is also offering a three-year fixed rate up to 85% LTV, a 5.99% rate, 1% arrangement fee and maximum loan £250,000.

Nici Audhlam-Gardiner, director of Alliance & Leicester Mortgages, says: “Our mortgage portfolio is expanding and demonstrates that Alliance & Leicester is committed to offering a comprehensive range of mortgage products.

“We have reduced our two-year fixed rate offer and introduced new three year fixed rates with lower arrangement fees. Our portfolio offers market leading rates and I am confident that they will prove to be popular with our new and existing customers.”

Recommended

Lib Dems propose no-fee, no-frills mortgage deal

The Liberal Democrats have come up with the idea of a standard five-year fixed ‘no fees, no frills’ mortgage product aimed at providing long-term stability to the market.

Base rate cuts help few borrowers

It’s time for the Bank of England to stop cutting interest rates on a monthly basis and give us a period of stability so the effects of previous reductions can be assessed.

Brokers to fight FSA over plan to raise fees

The Association of Mortgage Intermediaries is battling the Financial Services Authority over its proposed fee hikes and has formed an action group to tackle the issue.

No bonuses as RBS bows to pressure

Royal Bank of Scotland has bowed to government pressure and conceded there will be no bonuses or pay increases for staff associated with the losses suffered in 2008.

Passport - thumbnail

Thinking of expanding overseas?

Whether you’re a small company or an established larger employer, expanding overseas into emerging markets can be an extremely attractive prospect for growing your business. However, with this comes a duty-of-care requirement to any staff based overseas.

Newsletter

News and expert analysis straight to your inbox

Sign up