Leading UK high street mortgage provider Alliance & Leicester has revealed two new mortgages for homebuyers.
The Leicester, UK headquartered lender has launched a two year base rate tracker FeeSaver with a rate reduced by 0.05% to 4.99%, and a five year full flexible mortgage.
With the two year base rate tracker, FeeSaver, customers can borrow up to 95% of the property value, have a free valuation and GBP250 cashback.
The five year discount fully flexible mortgage offers a 1.8% discount off Alliance & Leicester’s standard variable rate for five years, with a product fee discount of GBP200. Again customers can borrow up to 95% of the property value and enjoy a no early repayment charge.
Stephen Leonard, director of mortgages at Alliance & Leicester, said: Our latest range of mortgages continues to offer choice and value for money to our customers. We’ve reduced the rate on our two year base rate tracker rate 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.