Alliance & Leicester is launching into the 2009 mortgage market with the introduction of new rates as well as special mortgage offers and deals for both new and existing customers.

The mortgage deals incorporate different elements to suit a wide range of individuals’ needs, including the choice of flat fee or percentage fee products, where the rates are market leading from just 3.49%. There is also a two year fixed rate mortgage available at 4.99% which has no fee.

Alliance & Leicester also has great deals for remortgagers and all of the deals now come with the choice of £200 cashback or free legal fees as well as refunding valuation fees.

Branches and the Mortgage Direct telephone line are now offering customers a £300 saving on the arrangement fee for a two year fixed rate mortgage at 4.69% for only £299 (from £599). This offer will be available until the end of February and is open to both existing customers remortgaging and new customers.

The bank’s Premier current account customers have the choice of three exclusive mortgage offers with rates starting from just 3.99% and a reduced fee of 0.75%. These are available to existing Premier customers as well as to those opening a new Premier current account via Alliance & Leicester branches or direct by phone.

Richard Taylor, Head of Mortgage Products at Alliance & Leicester comments: “Our mortgage portfolio is expanding and demonstrates that Alliance & Leicester is committed to new business in 2009, offering a comprehensive range of mortgage products at very competitive prices. We are starting the New Year with a great set of deals, several of which are below 4%. There are new deals and special offers now available in our branches or by telephoning our Mortgage Direct line and we are sure these will prove to be popular with both new and existing Alliance & Leicester customers.”