30 Nov

Abbey and Alliance & Leicester cuts mortgage rates

Abbey and Alliance & Leicester cuts mortgage rates

Mortgage rates have been cut at the Abbey and Alliance & Leicester building society.

Customers with two-year purchase and remortgage trackers could see their rates cut by 0.3 per cent, bringing rates to 2.94 per cent on a mortgage with up to 75 per cent loan-to-value (LTV).

First-time buyers are also being offered a special deal of a 90 per cent LTV on a three-year, fixed-term loan at a rate of 5.99 per cent and a £495 fee.

Nici Audhlam-Gardiner, director of mortgages at Abbey and Alliance & Leicester, said: "With speculation that the Bank of England base rate might stay put for a while longer, trackers are back in favour and to help those borrowers looking for a tracker, we have reduced rates."

Currently, the Bank of England base rate stands at 0.5 per cent - its lowest historic level.

The building society has also launched a new two-year fixed rate product at 4.18 per cent with an LTV of 75 per cent and a £995 fee.
ADNFCR-1222-ID-19486015-ADNFCR

Cookies We use cookies to ensure that we give you the best experience on our website. To find out more about our cookies policy, see our cookies policy here or in the footer.