The Two-year Base Rate Tracker Feesaver mortgage has been reduced by 0.05 per cent to just 4.99 per cent and customers can now borrow up to 95 per cent of the propertys value.
The Five-year Discount Fully Flexible Mortgage now has a rate of 4.79 per cent and the product fee has been cut by £200 and offers no charge for early repayments.
Stephen Leonard, Director of Mortgages at Alliance and Leicester, said: Our latest range of mortgages continues to offer choice and value for money to our customers.
Weve reduced the rate on our two-year base rate tracker and cut the product fee on our five-year discount, both these variable deals will suit those who have a degree of flexibility in their budget.
According to Alliance and Leicester, the feesaver option is still popular with first-time buyers and remortgage customers.
Leonard said: Our feesaver option, which is available on most of our mortgages, continues to be a popular choice for first-time buyers and remortgage customers who want to avoid high up-front costs, and who can benefit from a refund of their valuation fee.
Remortgage customers have the extra benefit of cashback on our Mortgage Transfer Service.
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