Alliance & Leicester is offering a flexible fixed rate mortgage with a rate of 5.69 per cent fixed until September 2003.
At the end of the fixed rate period the mortgage reverts to the standard variable rate, currently 6.99 per cent. The flexible features apply during the fixed rate period as well as after it.
Alliance & Leicester head of mortgages and insurance Tim Hague says: “Our new flexible fixed rate mortgage is a groundbreaking offer for customers. The fixed rate is very competitive and the full flexibility will allow people to take more control of their finances.”