Alliance & Leicester is to launch a new range of mortgages available through brokers and at branches.
The lender is maintaining rates on its prime residential portfolio of loans up to 90% LTV but has made some rate cuts for those with a 25% deposit or more.
New products include a two-year fixed rate at 5.99% with a 2% arrangement fee and a maximum loan of £1m.
The range also includes a two-year base rate tracker, currently priced at 5.89%, which again features a 2% arrangement fee. It benefits from no early repayment charge and Alliance & Leicester’s full range of flexible features.
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23% fall since Q1
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Including advice firm Chadkirk WM
More dates to be announced
Lowest level since 2016