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A&L slashes fees on new mortgage range

Alliance & Leicester is launching a new range of intermediary mortgages and has slashed its product fees.

Its intermediary special two-year base rate tracker remortgage is at the base rate minus 0.01 per cent for two years then at the standard variable rate of 6.59 per cent.

On its five-year discount fully flexible, the product fee has been cut by £200 to £99. It features 1.8 per cent off Alliance & Leicester’s SVR for five years then the SVR after that period.

A&L head of intermediary mortgages Mehrdad Yousefi says: “We’re continuing to buck the trend by cutting the product fee on our five-year deal by a further £200. This deal also has no tie-in and a competitive rate which makes it well worth consideration.

“The two-year base rate tracker remortgage deal offers a competitive tracker rate with incentives such as free valuation plus free legals or cashback. This latest offer follows feedback from brokers.”

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