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A&L cuts rates on remortgage deals

Alliance & Leicester has cut its remortgage rates for fixed rate deals, with rates starting from 4.28%.

The lender has reduced the rate on its two-year fixed rate remortgage deal to 4.49%, available up to 75% LTV with a £995 fee.

The product is also available with a 1% fee option at 4.28%.

A&L’s three-year fixed rate for remortgages is now 4.99%, at up to 75% LTV and available with either a £995 or 1% fee.

For home buyers the rate goes to 4.93%.

A&L is also launching a three-year tracker for purchase and remortgages at 2.79%. with a maximum 70% LTV and a £995 fee.

At up to 75% LTV the rate goes to a 3.19% with a £995 fee.

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