Sainsbury’s Bank has added Mortgage Advice Bureau and Stonebridge Group to its mortgage broker distribution panel.

This follows a successful pilot with L&C Mortgages.

Catherine More, head of mortgages at Sainsbury’s Bank, said: “We’re one of the few new mortgage entrants to have launched from day one with a broker channel, as well as direct, as we recognise the importance of this channel to our customers. We’re delighted that we’re now welcoming two more broker partners on board.”

“Mortgage Advice Bureau are delighted to be amongst the first broker groups to have access to the Sainsbury’s Bank mortgage product proposition,” said Brian Murphy, head of lending at Mortgage Advice Bureau.

“Sainsbury’s Bank’s entry alongside the growing number of mortgage lenders provides our customers and brokers with even further choice, allowing us to meet the needs of customers who want to buy, move home or refinance their existing arrangements.  Sainsbury’s are amongst the most highly recognised and trusted consumer brands and we are sure that they will offer our mortgage customers the same value, service and range of products for which they are so highly regarded.”

Paul Nye, business partnerships director at Stonebridge Group, added: “Our advisory firms are at the forefront of the market in delivering quality mortgage advice to their clients and the addition of Sainsbury’s Bank provides them with another dedicated lender, a range of attractive product options, and flexible criteria that will suit many different types of borrower.

“Competition and product choice is vital in the mortgage market and we are certain Sainsbury’s Bank commitment to this market and its reputation for service delivery will generate plenty of interest in the proposition from both Stonebridge firms and their clients.”