Alliance & Leicester (A&L) is expanding into sub-prime, near-prime, self-cert and buy-to-let markets.
The lender signalled its intention into specialist lending in its 2005 Annual Results announcement to the City today. Stephen Leonard, director of mortgages at A&L says: “For some time we have been examining the potential to move into new markets and become a broader based lender. These specialist markets are increasingly mature and well established. “This decision comes after a great performance by Alliance & Leicester in 2005 and against the backdrop of a stable economy, a robust housing market and historically low interest rates. We are keen to respond to changing customer needs with ...
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