All fixed rate products will be reduced by between 0.20 per cent and 0.30 per cent compared to products on the previous portfolio.
The new offers are available from today via brokers, Alliance & Leicester branches and by telephone from Mortgage Direct.
Alliance & Leicester offers a full prime residential portfolio on products up to 75 per cent LTV, with selected products also available to a maximum of 85 per cent LTV. The new range includes:
Two year fixed rate at 5.79 per cent (previously 5.99 per cent)
Three year fixed rate at 5.94 per cent (previously 6.24 per cent)
Five year fee saver fixed rate at 6.59 per cent (previously 6.89 per cent)
Two year base rate tracker at 5.79 per cent (new product)
Richard Taylor, head of mortgage products at Alliance & Leicester, said: “We are reducing rates on all of our fixed rate products in the mortgage portfolio, which is great news for people looking for a new deal.
“These new mortgage products offer customers a number of options to choose from, including deals which benefit from no fees, as well as free valuation and legal fees.”
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