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Alliance & Leicester reduces arrangement fees

The two-year fixed rate has a reduced arrangement fee and is available at 4.95%, fixed until December 30 2006. Customers can borrow up to 95% of the property value. The arrangement fee is £395, reduced from £595.

A two-year discounted rate comes with a 2.40% discount off Alliance & Leicester&#39s standard variable rate.

Mehrdad Yousefi, head of intermediary mortgages at Alliance & Leicester, says: “Our mortgage deals are consistently competitive and these latest improvements to our deals make them some of the best in the market. We&#39ve slashed the arrangement fees on our standard two-year fixed and two-year discounted products by £200 whilst still offering up to 95% LTV on all our products.

“These deals demonstrate our ongoing commitment to mortgage intermediaries and our determination to provide great value products to meet the needs of their clients.”

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