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A&L announces rate cuts

Wednesday 13th January 2010

From today, Alliance & Leicester for Intermediaries has lowered fixed and variable rates across its mortgage range.

The changes will see tracker rate mortgages reduced by up to 0.20 per cent while fixed rate mortgages will be lowered by up to 0.10 per cent.

The lender will also be introducing a new intermediary exclusive two-year tracker mortgage at 4.39 per cent, which the lender said means A&L is offering one of the most competitive ranges in the broker market.

The rate changes include 16 changes to the product range.

Alliance & Leicester for Intermediaries was recently named the most consistently competitive mortgage lender during the fourth quarter of 2009 according to market analysts realpricecomparison.com.

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