Product category:
Mortgages / Housing
News Release from: Alliance & Leicester | Subject: Mortgages
Edited by the Insidemoneytalk Editorial
Team on 14 April 2008
Alliance and Leicester to cut its
standard variable mortgage rate by 0.25%
Alliance andamp; Leicester will be reducing the Standard Variable Rate (SVR) on its mortgages by 0.25%.
The bank will be changing its Standard Variable Rate for existing mortgage customers from 2 May 2008 to 7.19%, down 0.25% from 7.44% For new customers, the change comes into effect on 23 April
Existing customers on Base Rate Tracker mortgages will see their rates fall by 0.25% from 1 May 2008.
For new customers, this change comes into effect on 15 April.
Alliance and Leicester will be writing to customers to advise them of their new lower monthly payments.
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