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Last Updated: Wednesday, 10 October 2007, 13:53 GMT 14:53 UK
Statement from Alliance and Leicester
The Alliance and Leicester has given the following statement to Panorama.

"Certain mortgages for the Hill House estate in Thamesmead are under investigation by the police for potential fraud, as a result of reports made by Alliance & Leicester to the authorities.

STATEMENTS FROM LENDERS

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In these circumstances, we are restricted in the comment we can make about the Alliance & Leicester mortgage featured by Panorama. However, we would point out that the Panorama programme and website include a number of inaccuracies.

Alliance & Leicester is a responsible lender, and our lending policies mean that a mortgage of the income-multiples alleged in the programme and on the website could only occur through fraud or deception."

SEE ALSO
Sub-prime Suspect
08 Oct 07 |  Panorama
Transcript - Sub-prime Suspect
10 Oct 07 |  Panorama
FSA Statement
10 Oct 07 |  Panorama

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