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Sainsbury’s adds Intrinsic to its broker panel

Sainsburys-Building-2013-700x450.jpgSainsbury’s Bank has added Intrinsic to its broker panel as it aims for further UK growth.

The network joins existing panel members, Openwork, L&G partners, L&C Mortgages, Mortgage Advice Bureau, Stonebridge Group, Alexander Hall, Springtide, First Mortgage Direct and SPF.

The lender is hoping that by expanding its range of broker partnerships it will extend its reach within the purchase and remortgage market.

The bank highlights the flexible nature of its mortgage products as being a particular selling point as they allow overpayments, underpayments and payment holidays.

Intrinsic was founded in 2006 and has 3,500 financial advisers, of which 1,500 are solely mortgage focused.

The network is owned by Quilter, the wealth management group.

Sainsbury’s head of banking David Buxton says: “This latest appointment to our ever growing broker panel illustrates the importance we place in the broker channel, helping to ensure customers get the very best in mortgage and remortgage products from our range through their selected broker.”

Intrinsic managing director Gemma Harle says: “We are pleased to launch with Sainsbury’s Bank, who will complement our growing lender panel.

“As a household name with competitively-priced mortgages it is a great addition to our current mortgage offering.”

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