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.

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  • [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: 1,234 Forumite
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    edited 23 October 2023 at 9:12AM
    Double posting? Same post at 4:41pm
  • mebu60
    mebu60 Posts: 1,474 Forumite
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    edited 10 November 2023 at 3:43PM
    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: 10,457 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
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  • MSE_Laura_F
    MSE_Laura_F Posts: 1,612 MSE Staff
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    I have merged these two threads together. Thanks,

    MSE Laura F
  • amnblog
    amnblog Posts: 12,690 Forumite
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    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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