A&L cuts fixed rates withdraws trackers

The lender has also announced it will withdraw all its tracker products at close of business today. Two and five-year deals of up to 75% LTV have been cut by 0.2%, while three-year mortgages are priced 0.15% lower. A&L’s two-year fixed rate is now 5.59% with a 1% arrangement fee, while its five-year fee-free mortgage is priced at 6.39%. The firm says cheaper swap rates have allowed it to lower the cost of fixed rate mortgages. However, recent increases in competitor trackers mean these products have been withdrawn, with a new, more expensive range expected next week. All deals are avai...