Alliance and Leicester cuts fixed rates
Lender Alliance and Leicester has made changes to three of its two year fixed rate mortgage deals.
It has reduced its 5.49% rate with an arrangement fee of £599 to 4.94%, and the 5.59% deal has been reduced to 4.99%.
On top of these changes , the two year fixed rate fee saver, which provides remortgage customers with a £200 cashback of free transfer service, has been lowered from 6.39% to 5.49%.
Head of mortgage products Richard Taylor said: “I am delighted to announce these rate reductions to our fixed-rate mortgage products and I am sure they will be very appealing to customers.”
December 4th, 2008 at 5:34 pm
Appealing to the customers who don’t question where the other half-percent of their rate cut went, perhaps.
December 8th, 2008 at 8:50 am
That sounds good, but how much was the base-rate reduction again…?
December 17th, 2008 at 9:12 am
This is a start, at least, but when the base rate is 2% (and 0% in America!) the extra 3% does sting a bit.
December 19th, 2008 at 9:03 am
The banks have got to come into line. Gordon Brown will force them to as keeping us onside is the only way to avoid a landslide for the Tories at the next election.