Victoria Mortgages has gone into administration today and will be unable to honour any offers, including pre-completion.
The move will force intermediaries to find alternative solutions for their customers. The lender had previously withdrawn a number of its products following the recent market turbulence and it is thought the company could not secure funding for a new range of products. Simon Read, head of business development at Victoria, confirmed the company entered administration this morning and said further announcements will be made later this week. If you would like to comment on this story, contact: John Bakie Tel: 020 7034 2682 e-mail: [email protected] IFAonline
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