Alliance & Leicester raises variable rates

The new deals, which are available from today, are all two-year base rate tracker mortgages with varying fee structures. The first tracks the base rate at -0.21% but was previously -0.31%. It also features a fee of £1,499 and can lend 95% LTV up to £500,000. The second deals tracks the base rate at +0.04%, an increase of 0.2% on the former deal, and features fees of £999 and can lend up to £1m. The final offer has increased by 0.1% to track the base rate at +0.34%, features no fee, free valuation, and can lend up to £1m. Commenting on the new deals, A&L’s head of mortgage products, Ric...