A&L cuts mortgage rates

As well as cutting rates, two new five-year fixed rate deals have also been introduced, offering customers the choice of a set fee at £999 or a 1% fee. The rates are 4.64% and 4.89% respectively with the set fee deal available up to a maximum LTV of 60% and the 1% fee deal being offered up to 75% LTV. The lender is also launching a range of tracker deals, with rates starting at 3.29% for a two-year tracker, with a 2% arrangement fee available up to 60% LTV, or 4.09% with a 1% fee available up to 75% LTV. "These new deals offer customers a great choice from a competitive range of mortgages...