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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.
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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."
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