A&L pulls tracker range

Alliance & Leicester has withdrawn its tracker range following the base rate cut of 1%.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Key Facts Illustrations will only be available for withdrawn products until December 4.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.”