Alliance & Leicester mortgages

Find the best Alliance & Leicester mortgage rates

Whilst searching for the best mortgage, there are a number of different factors that you must consider. The interest rate and repayment terms of your mortgage are very important when determining what type of mortgage will be the best mortgage for you. At Alliance & Leicester we have a range of different mortgage products each with different repayment terms and interest rates, so you can get the mortgage rate to suit your needs.

Finding the best mortgage rate can seem like a daunting task. However, by assessing your current financial position, in terms of affordability and the costs involved, you will be able to determine which will be the right type of mortgage for you, offering the best mortgage rates.

When choosing a mortgage there are four main types to choose from:

Discount rate mortgages

At Alliance & Leicester, we offer a number of discount rate mortgages. The first few years after moving into your new home can be costly, so money saved on the mortgage in the early years can be spent on other things like furnishings and decorating. With a discount rate mortgage, you get the benefit of some of our best mortgage rates for a discounted period of up to five years. After the initial discounted period you then revert to our standard variable mortgage rate.

Fixed rate mortgages

If you want the security of knowing the exact amount you will pay for your mortgage from day one, a fixed rate mortgage could be the best mortgage for you. We offer a range of fixed rate mortgages which will provide you with the confidence of knowing that the rate you pay will not alter during that period.

Flexible mortgages

A flexible mortgage lets you vary your payments depending on your financial circumstances. You can make additional payments or take payment holidays or make underpayments or borrow money back, it’s the mortgage that you can vary to suit your needs.

Base rate tracker mortgages

A variable rate mortgage which always follows the Bank of England’s Base Rate, so your payments will change in accordance with external market interest rates. You will quickly benefit from any potential changes, plus the rate on your tracker mortgage always maintains the same differential between the rate you pay and the interest rate set by the Bank of England.

As well as having attractive mortgage rates, you may be eligible for various additional benefits, including a free valuation^‡ ^‡, no Product fee and no legal fees*. Please note these offers are subject to change and eligibility.

If you have any questions, please visit our mortgages FAQs page.

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