Alliance & Leicester has cut fixed rates on a number of mortgages for customers with large deposits.
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However, recent increases in competitor trackers mean these products have been withdrawn, with a new, more expensive range expected next week.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 available through branches, over the telephone and through brokers via A&L’s new intermediary service, created following its merger with Abbey.
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Based on ONS data
Claim from SocGen's global markets division
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