I have a sub prime mortgage

But I didn't buy it, I wasn't sold it and I never expected to have one.  I object to having one, and object even more that it ended up with Lehman Brothers, now gone to the wall.

I bought it from Alliance & Leicester.  And that is where I thought it would stay.  I'm a landlord, a sane one with a rational portfolio of properties and a realistic expectation of the market.  And they sold me a buy to let mortgage.  Their site today says "Whether you’re a new landlord or looking to extend your existing portfolio, we have a range of specially designed buy to let mortgages to suit your needs."

What they never told me is that they would sell the mortgage on 18 or so months ago to someone I had never heard of.

I though I knew where I was with Alliance & Leicester.

How lucky I am to have good tenants at present and to have aimed at a sector of the market where tenants tend to abound.

How unlucky I feel I was to have dealt with a bank who didn't care at all about me, its customer, and sold me on as a commodity to a bank who then went bust.

I made the purchase through a trusted IFA who also had no expectation that the mortgage would be sold on.  They were as surprised as was I.  Alliance & Leicester has lost me for ever as a customer, even if Santander owns that brand today.  I don't hold Santander responsible for the commercial actions of Alliance & Leicester, but I will be looking at not doing business with them either.