Alliance & Leicester has launched a new range of mortgages, emphasising that it is looking for business in 2009.

It has reduced the rate on its three-year fixed mortgage with a rate of £599 from 5.49% to 4.99%, while its five-year fixed rate mortgage with a £599 fee is now available at 5.29%, down from 5.49%. There is also a two-year fixed rate product at 4.99% with no fee.
All of the lenders remortgage deals now come with the choice of £200 cashback or free legal fees as well as refunding valuation fees.

Richard Taylor, head of mortgage products at Alliance & Leicester commented: “Our mortgage portfolio is expanding and demonstrates that Alliance & Leicester is looking for new business in 2009, offering a comprehensive range of mortgage products at very competitive prices. We have moved in to the New Year with a great set of deals, six of which are under 4%. We are also now offering all remortgage customers a variety of options to help them choose the right deal for them.”

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