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A&L pulls range
Alliance & Leicester (A&L) is to cease lending on its PlusMortgage products from close of business on Tuesday 19 February.
The products, comprising a secured loan and a mortgage, were available up to 125 per cent LTV.
Brokers looking to secure a last-minute deal must make sure they have an A&L KFI before submitting their application.
Stephen Leonard, director of mortgages at Alliance & Leicester, said: “Alliance & Leicester is a prudent and responsible lender with PlusMortgage successfully targeting high quality applicants.
"However, we keep our product range under constant review and given current market conditions, we will be withdrawing our PlusMortgage products at this time.”
