A&L lower fixed rates

Available from 11 September, the new offers are available via the Bank's branches, Mortgage Direct and brokers 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 valuation(1)
• Remortgage customers receive £250 cashback or free Mortgage Transfer Service(2)
• 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 & Leicester, said: "With all the talk of rising rates, Alliance & 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."