Alliance & Leicester's overall performance to date in 2005 is expected to lead to the Group being ahead of the current consensus of market forecasts of £506m for core operating profit for the full year
Mortgages results up to September 2005 - Alliance & Leicester has continued to focus on the prime core residential mortgage market and during the first nine months of 2005 gross lending was £7.1bn, a market share of 3.5%, with an average loan to value ratio (LTV) of 60% and around 5% of new lending having an LTV over 90%.
Net mortgage lending is £2.8bn, which is a market share of 4.1%. This compares to (and is even better than last years full results) net lending of 2.5bn and a market share of 3.0% for the overall 2004 Results.
