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New mortgage deals from Alliance and Leicester

Edited by the Insidemoneytalk editorial team Jun 5, 2008

Alliance andamp; Leicester is launching a new range of mortgage products, which will be available via brokers, branches and our call centre from Tuesday 3 June 2008.

The new portfolio includes a wide range of mortgage products with different features enabling customers to choose what term to fix over, whether to go for a no fee product, or a product that tracks the Bank of England base rate.

The new range includes: Two Year Base Rate Tracker - 5.89% 5.89% (BBR +0.89%), then Base Rate +1.49%.

Customers can borrow up to 75% of the property value 2% product arrangement fee.

Maximum loan - £1 million.

No early repayment charge.

Full flexible feature: Two Year Fixed Rate - 6.14% 6.14% fixed until 31 August 2010, then Standard Variable Rate.

Customers can borrow up to 75% of the property value 2% product arrangement fee.

Maximum loan - £1 million.

10% overpayment facility.

Five Year Fixed Rate - 7.14% 7.14% fixed until 31 August 2013, then Standard Variable Rate.

Customers can borrow up to 90% of the property value £599 product arrangement fee.

Maximum loan - £1 million.

10% overpayment facility.

In addition to the new range, the bank's Standard Variable Rate, which is currently 7.19%, will no longer be available as a standalone mortgage to new mortgage customers.