Revised mortgage deals from Alliance and Leicester

New 2 year discount deal at 5.55%

Alliance and Leicester is launching a new range of prime mortgages on Wednesday 22 August 2007.

They include: New 2 Year discount deal 5.55% (SVR -2.34%) fixed until 30 September 2009, then Standard Variable Rate (currently 7.89%) Customers can borrow up to 95% of the property value Product fee - £599 Early repayment charges apply for first two years Full flexible features1 Maximum loan - £250,000 2 Year Base Rate tracker mortgage 5.44% fixed until 30 September 2009, then BBR +0.99% Customers can borrow up to 95% of the property value Product fee - £1,499 Early repayment charges apply for first two years Full flexible features1 Maximum loan - £500,000 Low Start 2 Year Fixed Rate 5.34% (7.6% APR) fixed until 30 September 2009, then BBR + 0.74% for one year, before reverting to SVR (currently 7.89%) Customers can borrow up to 95% of the property value Product fee - £999 Early repayment charges apply until 30 September 2010 10% overpayment facility Maximum loan - £999,999 Richard Taylor, Head of Mortgages at Alliance and Leicester, says: "We have added to our excellent range of products".

"As always our mortgages offer great value for money and great choice to both new and existing customers - whether they are looking for the security of a fixed rate or the flexibility of a highly competitive variable rate.".

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