M&S Bank expands mortgage distribution

Published on

M&S Bank has appointed Sesame to its list of mortgage intermediary partners.

This announcement follows the appointment of Openwork in July and comes days after the bank extended its maximum loan to value to 95% on three new first time buyer products and increased its mortgage term to 35 years, for both first time buyers and home movers.

The appointment of Sesame takes M&S Bank’s intermediary partnerships to four, following the launch of its first mortgage range early this year.

Paul Stokes, head of product at M&S Bank, said: “Over the last few months we have not only enhanced our support for first time buyers with the increase of 95% loan to value and a 35-year term, but we’ve also continued to add new partners to our broker network.

“Our appointment of Sesame is great news and is testament to our commitment to continuing to expand our intermediary channel to enable even more customers to get the M&S-standard service they have come to know and expect from the brand, when they make the most important purchase they’ll ever make – their home.”

Jane Benjamin, director of mortgages at Sesame, added: “We are delighted to be working with M&S Bank and offer its competitive range of mortgage products to our members and their customers.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Access FS agrees new referral fee partnership with two conveyancing portals

Access Financial Services has entered into a new partnership with Broker Conveyancing and SortRefer,...

Developers urge Chancellor to plug ‘gaping hole’ in FTB support

Housebuilders have called on the Chancellor to use Wednesday’s Budget to revive support for...

Estate agency boss calls for investment and incentives as Budget speculation centres on tax rises

A leading London estate agency chief has warned that the government risks undermining the...

Surveyors warn property tax plans risk ‘chaos’

Surveyors have urged the Chancellor to use Wednesday’s Budget to set out how any...

Survey highlights strongest funding demand in hospitality, leisure and construction

Hospitality, leisure and construction firms are generating the strongest demand for business finance, according...

Latest publication

Other news

Past 6 to 7: the story behind our new lending limits

6,7, the viral ‘slang’ term accompanied by a two-handed palm up gesture being used...

Access FS agrees new referral fee partnership with two conveyancing portals

Access Financial Services has entered into a new partnership with Broker Conveyancing and SortRefer,...

Developers urge Chancellor to plug ‘gaping hole’ in FTB support

Housebuilders have called on the Chancellor to use Wednesday’s Budget to revive support for...