M&S Bank has partnered with intermediary network Mortgage Intelligence as it plans to further its broker reach.
The bank launched its first mortgage range last year offering a number of fixed and tracker options for purchase and remortgage.
M&S Bank head of products Paul Stokes says: “The appointment of Mortgage Intelligence is another milestone for our growing intermediary channel, enabling even more customers to get the M&S-standard they have come to know and expect from the brand, when they make the most important purchase they’ll ever make – their home.”
The lender offers a first-time buyer range from 95 per cent loan-to-value, and a 35-year maximum term, a free valuation and £1,000 cashback.
Mortgage Intelligence managing director Sally Laker says: “2019 promises to be an innovative year for M&S Bank so naturally we are delighted to be adding them to our growing lender panel. It’s great to see such a recognisable and well respected brand making first time buyers a cornerstone of its proposition, and I have no doubt that network members will find M&S Bank a valuable addition.”
All M&S Bank Mortgages also enable up to four borrowers who will live in the property to take out a mortgage together.