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CML: Mortgage arrears and possessions conference at the The Midland Hotel, Peter Street, Manchester, M60 2DS
A&L cuts rates
Alliance & Leicester has cut its rates on all bar one of its mortgage products, which remains unchanged.
The range has been reduced by between 0.10% and 0.55% compared to products on the previous portfolio. Alliance & Leicester offers a full prime residential portfolio to a maximum of 85% LTV, with lower rates for mortgages with an LTV of 75% or below.
Commenting on the move, Richard Taylor, head of mortgage products at Alliance & Leicester, said: “We are reducing the majority of the rates across our mortgage portfolio, which is great news for people looking for a new deal.
“These new mortgage products are available to both new and existing customers, with a number of options to choose from, including deals which benefit from no fees, as well as free valuation and legal fees.”
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- Signs of optimism for protection
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