Alliance & Leicester mortgages

Our lowest Alliance & Leicester mortgage rate

Discount rate mortgages

When you opt for a discount mortgage, you will have the option of choosing some of our lowest mortgage rates. These typically provide a discount off our standard variable mortgage rate for an agreed period of time, after which they revert to the actual standard variable mortgage rate. Alliance & Leicester provide mortgages with a range of discount periods to enable you to work out the best deal to suit your needs.

Fixed rate mortgages

With a fixed rate mortgage, the interest rate is set for an agreed period of time, so you get the peace of mind knowing that the rate you pay each month is guaranteed not to change, even if UK interest rates do.

There is always the possibility that UK interest rates could actually go higher than your agreed fixed rate, so in financial terms you could be better off. Of course it also works the other way, but you always have the knowledge of set monthly payments and can budget accordingly. At the end of the fixed rate period, the payments will revert to our standard variable rate.

When you opt for a fixed rate mortgage, there are various options to choose from, although you will usually find that the shorter the fixed rate period, the more likely we are to be able to offer our lowest fixed mortgage rate.

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