The acquisition of Alliance & Leicester by Santander could reduce the options available to borrowers, it has been suggested.
She added that the move may bring an injection of confidence to the market, although it may eventually make it more difficult to secure a
“It will probably have quite a good effect in terms of confidence in the short term. In the long term what it might actually mean is a slight reduction in choice,” she remarked.
Alliance & Leicester’s acting chairman Roy Brown said that the deal represented value for shareholders amidst difficult economic conditions.
The bank had a 4.4 per cent share of the
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