Alliance & Leicester reduces rates

Alliance & Leicester is reducing its rates by up to 0.2% and the fees by £300 on its two, three and five-year fixed rates from today.

A two-year fixed rate is now available from 4.29% with a £299 fee.

As well as the rate and fee cuts, Alliance & Leicester is also introducing two new deals to its mortgage range, including a two-year fixed rate at 3.84% with a £995 and a two-year tracker at just 3.64% with a £995 fee.

Ricky Okey, managing director of Alliance & Leicester intermediary sales, says: “Customers looking for a fixed rate mortgage with Alliance & Leicester can now save £300 off the fee and take advantage of the certainty of monthly payments on a two, three and five-year fixed rate deal. Alternatively, customers looking for an even lower rate can fix for two years and secure this with a fee of £995. These fixed rate mortgages are ideal for customers who want the certainty of a set payment each month.”