M&S Bank expands intermediary distribution

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M&S Bank has appointed both Intrinsic and Stonebridge to its network of mortgage intermediary partners.

After launching its first mortgage range in January this year, M&S Bank’s network of intermediaries is continuing to expand.

This announcement follows a number of new mortgage broker partner appointments over the summer and comes just weeks after M&S Bank enhanced its support for first time buyers by extending its maximum loan to value to 95% on selected products and increased its maximum mortgage term to 35 years.

Paul Stokes, head of products, M&S Bank, said: “We have developed a range of mortgage solutions to support first time buyers as well as assisting families with their desire to help loved ones make their first step on the property ladder and in recent weeks we’ve further enhanced this offering with extension of our maximum LTV and term.

“The latest appointments to our mortgage intermediary network will support even more homebuyers, home movers and remortgagers to realise their property ambitions with M&S Bank.”

Gemma Harle, managing director of Intrinsic’s mortgage network, added: “It’s great to be partnering with M&S Bank. Its range of products, including those for first time buyers and home movers, make it a unique proposition and one that we feel will really resonate with our members and their customers.”

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