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Alliance and Leicester mortgage - now Santander

[Deleted User]
[Deleted User] Posts: 0 Newbie
First Post
in Mortgages & endowments
hi all

i have a question relating to extending my 25yr interest only mortgage by 2 years. I’ve been in touch with Santander and all seemed well, but my question is, why do I need to remortgage to Santander when Santander fully own Alliance and Leicester mortgages.

Comments

  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    First Post
    hi all

    i have a question relating to extending my 25yr interest only mortgage by 2 years. I’ve been in touch with Santander and all seemed well, but my question is, why do I need to remortgage to Santander when Santander fully own Alliance and Leicester mortgages.

    I have a repayment vehicle in 2 years, 
  • baser999
    baser999 Posts: 1,242 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    edited 23 October 2023 at 8:12AM
    Double posting? Same post at 4:41pm
  • mebu60
    mebu60 Posts: 1,760 Forumite
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    edited 10 November 2023 at 2:43PM
    wozzer6969 said:
    hi all

    i have a question relating to extending my 25yr interest only mortgage by 2 years. I’ve been in touch with Santander and all seemed well, but my question is, why do I need to remortgage to Santander when Santander fully own Alliance and Leicester mortgages.

    I have a repayment vehicle in 2 years, 
    Presumably because A&L was taken over by Santander in 2008 and ceased to exist in 2010? 
  • jackieblack
    jackieblack Posts: 10,576 Forumite
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    Perhaps mods could merge with the duplicate thread 
    https://forums.moneysavingexpert.com/discussion/6480229/alliance-and-leicester-now-santander#latest
    2.22kWp Solar PV system installed Oct 2010, Fronius IG20 Inverter, south facing (-5 deg), 30 degree pitch, no shading
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    MFW #4 OPs: 2018 £866.89, 2019 £1322.33, 2020 £1337.07
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  • MSE_Laura_F
    MSE_Laura_F Posts: 1,590 MSE Staff
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    I have merged these two threads together. Thanks,

    MSE Laura F
  • amnblog
    amnblog Posts: 12,771 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Because there is no facility to alter your mortgage terms under the Alliance and Leicester Brand as they are no longer doing business.
    I am a Mortgage Broker

    You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
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