Astra Mortgages has been repositioned as Norwich and Peterborough’s intermediary brand.
As of March 10, all N&P’s broker business will be transacted through Astra, which launched as a specialist lender in June 2007.
Meanwhile, Astra has also launched its online point-of-sale system, POS-D. The system is based on the European credit risk framework Basle II and aims to offer brokers more competitive, risk-based offers within 15 minutes of case submissions.
John Malone, managing director of Premier Mortgage Service, says: “At a time when many lenders are not only withdrawing products but curtailing innovation too, it’s pleasing to see that Astra is bringing an innovative system to the market.”