New lower fixed rate mortgage deals from Alliance and Leicester

Edited by the Insidemoneytalk editorial team Sep 12, 2007

Alliance and Leicester's Prime Mortgage deals have been re-priced. The new offers are available via the Bank's branches, Mortgage Direct and brokers from 11 September 2007 and include:

Two year fixed 5.48% (previously from 5.59%) 7.8% APR.

Fixed until 30 September 2009 Customers can borrow up to 95% of the property value Product fee - £1,999 Early repayment charges apply until 30 September 2009 10% overpayment facility Maximum loan ?250,000 Two year fixed 5.73% (previously from 5.79%) 7.8% APR.

Fixed until 30 September 2009 Customers can borrow up to 95% of the property value Product fee - ?999 Early repayment charges apply until 30 September 2009 10% overpayment facility Maximum loan £250,000 Two year fixed 6.23% FeeSaver (previously from 6.34%) 7.9% APR.

Fixed until 30 September 2009 Customers can borrow up to 95% of the property value No product fee Early repayment charges apply until 30 September 2009 Free valuation1 Remortgage customers receive £250 cashback or free Mortgage Transfer Service2 10% overpayment facility Maximum loan £999,999 Five year fixed 6.12% (previously from 6.14%) 7.4% APR.

Fixed until 30 September 2012 Customers can borrow up to 95% of the property value Product fee - £599 Early repayment charges apply until 30 September 2012 10% overpayment facility Maximum loan £999,999 Richard Taylor, Head of Mortgage Products at Alliance and Leicester, said: "With all the talk of rising rates, Alliance and Leicester is delighted to be able to offer customers, both new and existing, these great lower rates, which are highly competitive".

""We continue to offer customers a wide range of products with a choice of fee level, in order for them to benefit from the best possible deal to suit them.

"These reductions in our fixed rates allow borrowers to benefit from the security of a fixed monthly payment at a great low rate".

"Our FeeSaver option continues to be a very popular choice for first time buyers and remortgage customers, who do not want any up-front fees.".