Anyone considering an Alliance & Leicester Mortgage....

MortgageMamma

Alliance & Leicester will make changes to the following fixed rates with effect from Tuesday 16 May.



· 2 year fixed rate - reverts to Standard Variable Rate at end of fixed rate period (maximum loan £250k) now 4.84% (previously 4.59%)



· 2 year fixed rate - reverts to Bank Base Rate at end of fixed rate period (maximum loan £250k) now 4.94% (previously 4.69%)



· 2 year fixed rate Feesaver now 5.34% (previously 5.09%)



· 3 year fixed rate now 5.04% (previously 4.74%)



· 3 year fixed rate Feesaver now 5.54% (previously 5.24%)



· 5 year fixed rate now 5.14% (previously 4.84%)



· 5 year fixed rate Feesaver now 5.64% (previously 5.34%)

lightspeed

Hi

Do you know if A & L will honour mortgage offers confirmed prior to this change at 4.59% (i am still waiting to complete, but had the offer in April). Or should i expect a letter saying that this will now change???

Thanks in advance

HGLTsuperstar

Depends if you've paid the booking fee or not.

lightspeed

This was added onto the mortgage. Does this count?

MortgageMamma

If you have submitted your application and its gone to offer you will get the original rate you have been quoted so worry not. These rates are for all new business submitted after today. sorry to have caused you concern!