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

Revived Help to Buy would inflate prices: Lamdin

Restoring Help to Buy would strengthen developers’ sales without solving the underlying affordability crisis...

One in three workers financially fragile despite being employed

More than a third of UK employees remain financially fragile despite being in work,...

Nationwide cuts fixed mortgage rates by up to 0.15%

Nationwide Building Society is reducing selected fixed mortgage rates by up to 0.15 percentage...

L&G appoints Kerrigan to drive Ignite broker rollout

Legal & General has appointed Craig Kerrigan as broker relationship manager for its Ignite...

Iress UK lifts underlying earnings as costs fall

Iress UK increased underlying adjusted earnings by 43% in the first half of 2026...

Latest publication

Other news

Revived Help to Buy would inflate prices: Lamdin

Restoring Help to Buy would strengthen developers’ sales without solving the underlying affordability crisis...

One in three workers financially fragile despite being employed

More than a third of UK employees remain financially fragile despite being in work,...

Nationwide cuts fixed mortgage rates by up to 0.15%

Nationwide Building Society is reducing selected fixed mortgage rates by up to 0.15 percentage...