Sainsbury’s Bank hires Virgin Money’s David Crooke

Former Virgin Money regional sales manager David Crooke has joined Sainsbury’s Bank as head of intermediary sales.

The bank says the appointment marks a ‘key stage’ in its broker strategy after a successful pilot last year.

Crooke will now lead Sainsbury’s mortgages intermediary division. He was previously responsible for intermediary service and sales across the north of the UK at Virgin Money.

He was also vice chair of Virgin’s Intermediary Oversight Panel and responsible for monitoring the performance of the company’s intermediaries and distribution channel to mitigate risks.

He also led improvements to the business’ mortgage operations, and helped design its broker segmentation and sales model.

Crooke previously worked at Northern Rock where he held various roles, most recently accountable for both intermediary relationships and the branch retail network across Scotland and Northern Ireland. He started his career with the Halifax Building Society.

Earlier this year, Openwork partnered with Sainsbury’s as its first broker network since completing its launch phase with its Legal and General partners.

The Bank’s broker partners also include Openwork, Savills, Alexander Hall, First Mortgage, Springtide, Mortgage Advice Bureaux and Stonebridge Group as well as pilot partner L&C Mortgages.

Sainsbury’s Bank head of banking David Buxton says: “This is an important appointment for the Bank as we continue to put our broker distribution model at the heart of our strategy to grow our mortgage business. David’s mortgage sales experience makes him an excellent fit for our team.”



Sainsbury’s Bank launches first-time buyer range

Sainsbury’s Bank is launching four 95 per cent LTV mortgages aimed at first- and second-time buyers. The mortgages have fixed terms of two and five years, with rates starting from 3.49 per cent. All have £250 cashback and free valuations. The loans will be sold through brokers and direct over the telephone. Sainsbury’s Bank head […]


Sainsbury’s Bank signs Openwork as first network

Sainsbury’s Bank for Intermediaries has signed its first network distribution deal, with Openwork. The lender carried out the first phase of its launch with Legal & General and London & Coiuntry Mortgages. Sainsbury’s Bank sells residential purchase mortgages and remortgages. Sainsbury’s Bank head David Buxton says: “We’re delighted to have a network of Openwork’s scale and […]


Sainsbury’s Bank to offer mortgages through MAB and Stonebridge

Sainsbury’s Bank has added Mortgage Advice Bureau and Stonebridge Group to its broker panel. The banking arm of the supermarket giant relaunched into the mortgage market in April this year via a pilot with London and Country and Legal and General Mortgage Club and availability of the products will now be expanded thanks to the […]


Chancellor closes stamp duty surcharge loophole

The Chancellor has closed a potential loophole which may have allowed some second-home owners and landlords to escape the 3 per cent stamp duty surcharge. This rule change – which is effective immediately – should also help prevent divorcing couples being hit by these higher stamp duty rates. They will be exempt from this surcharge […]


News and expert analysis straight to your inbox

Sign up