Alliance & Leicester two-year fixed-rate mortgages launched by Finance News Bulletin

Published: 18/01/07

Alliance & Leicester has announced the introduction of two new mortgages following the Bank of England's decision to lift the base rate by 025 per centThe rate of the coalition & Leicester Two-Year Fixed FeeSaver mortgage was decreased by 005 per cent, while the bank's standard variable rate (SVR) greater than before by 0

25 per cent to match the novel base rateAlso, a pair of Two-Year Fixed-Rate products are set until December 31st 2008, contribution customers the opportunity to take out 95 per cent of the possessions value and the rates are either 484 per cent or 499 per cent depending on the product fee paid

Stephen Leonard, manager of mortgages at Alliance & Leicester, said: "Our fixed rate mortgages carry on to offer real value for cash with a choice of deals available below five per cent which is ideal for those borrowers who want budgetary confidence from their monthly payments"We've also been able to reduce the speed on our FeeSaver deal which will particularly appeal to first occasion buyers and remortgagers who want to minimise their up-front costs"Alliance & Leicester's novel SVR stands at 709 per cent and the updated Alliance & Leicester Two-Year Fixed FeeSaver mortgage now has a speed of 5

39 per cent next the rate reductionThe bank offers live webchat for mortgage clientele on their website so the process

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