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Product category: Mortgages / Housing
News Release from: Alliance & Leicester | Subject: Mortgages
Edited by the Insidemoneytalk Editorial Team on 04 July 2007

Alliance and Leicester introduces two
new "thank you's" for mortgage customers

15% pa gross/AER on savings with new limited edition Mortgage Regular Saver and £50 in high street vouchers through the new Mortgage Recommend A Friend scheme

All customers taking out an Alliance and Leicester mortgage in July will be eligible for a regular savings account paying 15% pa gross/AER In addition, any existing Alliance and Leicester customer who recommends a friend for an Alliance and Leicester mortgage will receive £50 in high street vouchers - as will the mortgage applicant

Both offers are available through branches or by telephone via Alliance and Leicester's Mortgage Direct service.

Richard Taylor, Head of Mortgages at Alliance and Leicester, said: "Alliance and Leicester's mortgages are regarded as among the most competitive on the market, and this new savings account makes them even more attractive".

"Throughout July, our staff will be offering new mortgage customers the chance to earn a very attractive 15% interest rate on their savings, thanks to our new market-leading Mortgage Regular Saver account." The Mortgage Regular Saver (MRS) offers: A market-leading rate of 15% gross p.a.

/ AER and gives customers a superb place to invest their savings The savings account has a 12 month term Customers opt for a monthly payment of between £10 and £250 Withdrawals are not permitted during the 12 month term The offer runs from 2 July 2007 to 5 August 2007 The new Mortgage Regular Saver product is designed to help customers make their cash go further by saving a fixed amount each month for a year, in a market leading account.

Taylor continues: "Many people switch their mortgage in order to reduce their monthly payments, so why not put this surplus away in a high-interest savings account? At the end of the 12 month period they will have saved up a very nice nest egg." In addition, any Alliance and Leicester customer who recommends one of the bank's superb mortgage deals can cash in on the popular Recommend a Friend offer and receive £50 in shopping vouchers - for both them and any friends they introduce.

02 July 2007.

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