Alliance & Leicester unveils fee-free mortgages

A high street lender has announced that it is enhancing its range of fee-free homeowner loans.

Alliance & Leicester has revealed that from tomorrow, it will launch several three and four-year fixed-rate mortgages with no fees attached.

Mortgage director for the bank Nici Audhlam-Gardiner noted that there are not many similar offers around, stating: “There are very few fee-free deals available at the moment.”

Borrowers can opt for a three-year fix at 4.69 per cent, with those looking to remortgage being offered free valuations or £200 cashback.

Or they could choose a four-year deal at 4.79 per cent, with the maximum borrowing limit standing at £550,000.

“We are committed to helping homebuyers and those looking to remortgage and this latest range is further proof of that,” Ms Audhlam-Gardiner remarked.

It comes after HSBC unveiled a package of new mortgage deals, some with loan-values of up to 90 per cent.

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