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A&L pulls tracker range
Laura Stavro-Beauchamp
04-Dec-2008
Alliance & Leicester has withdrawn its tracker range following the base rate cut of 1%.
A&L says it will not be immediately replacing the range and that decision in principles must be converted by December 4
Key Facts Illustrations will only be available for withdrawn products until December 4.
A release from A&L says: "If you have a new case you can secure a product by submitting a full mortgage application - you do not have to complete a DIP first.
"A DIP cannot be converted to a full mortgage application without a proceed message. This proceed message must be sent via the system - a verbal proceed is not sufficient to allow conversion."
Key Facts Illustrations will only be available for withdrawn products until December 4.
A release from A&L says: "If you have a new case you can secure a product by submitting a full mortgage application - you do not have to complete a DIP first.
"A DIP cannot be converted to a full mortgage application without a proceed message. This proceed message must be sent via the system - a verbal proceed is not sufficient to allow conversion."