Alliance & Leicester: 3.99% interest mortgages

Thursday, 11 December 2008 12:00

A range of two-year fixed-rate mortgages with rates starting at 3.99 per cent are being unveiled by Alliance & Leicester tomorrow.

The launch comes as the bank also introduces a two-year base rate tracker mortgage. It also comes with a 3.99 per cent rate and one per cent fee for loan-to-value (LTV) ratios of up to 60 per cent.

The two-year fixed-rate deals, meanwhile, include a 4.49 per cent rate and one per cent fee for customers borrowing up to 75 per cent of the property’s value.

There’s a 4.69 per cent rate with a £599 fee for LTVs of 75 per cent. Or customers could choose to pay a 4.99 per cent rate with no fee for 75 per cent LTVs.

The 3.99 per cent rate is available for customers looking for a loan of up to 60 per cent of the property value who are willing to pay a one per cent fee.

Richard Taylor, head of mortgage products at Alliance & Leicester, said: “The two-year tracker and two-year fixed-rate range are very competitive and represent great value for customers.”

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