Alliance & Leicester for Intermediaries is to be merged into Abbey for Intermediaries from 15 October, creating one intermediary brand - Abbey.
Alan Mathewson, managing director of intermediary distribution and Santander Private Banking (UK), confirmed the consolidation of the intermediary mortgage business, saying it would enable it to align its product ranges and increase efficiency. Alliance & Leicester will cease accepting new mortgage applications from brokers from 15 October 2010. Changes will be taking place at Alliance & Leicester over the next several weeks in the run up to the merger, including no longer accepting applications from new mortgage customers over 75% LTV from close of business today (5 August). Mathe...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
