Alliance & Leicester was founded in 1852 as the Leicester Permanent Benefit Society. In 1985 the renamed Leicester Building Society merged with the Alliance Building Society to form the Alliance & Leicester Building Society. In 1990 Alliance & Leicester acquired Girobank. Alliance & Leicester converted into a plc on April 21st 1997. Currently ranked as the sixth largest lender in terms of mortgage assets with a market share of approximately 3.9%.
Mortgage lender Alliance & Leicester