Lender introduces new mortgage products
In news that may interest those seeking mortgages, Alliance &
Leicester has announced that it is lowering the rates on its
two-year fixed-rate mortgages.
The bank said it is to now offer products starting at a rate of
3.99 per cent for home loans at a maximum loan-to-value (LTV) of 60
per cent and a one per cent fee.
For the same fee a mortgage with an LTV of up to 75 per cent is
available at 4.49 per cent, while for an identical LTV deals are
available at 4.69 per cent with a £599 fee and 4.99 per cent
with no fee.
In addition to this, the lender is introducing a 3.99 per cent
two-year tracker product with a one per cent deposit and maximum
LTV of 60 per cent.
Head of mortgage products at Alliance & Leicester Richard
Taylor said: "The new two-year tracker and two-year fixed-rate
range are very competitive and represent great value for
Earlier this week Abbey announced cuts to its range of fixed-rate
mortgages of up to 0.6 per cent.