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 new partnerships.

Sainsbury’s Bank offers their products both direct and through brokers.

Head of mortgages Catherine More says: “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.”

The brand intends to offer its products through an increasing number of mortgage brokers over the next 12 months.

The mortgage range includes a two and five-year fixed rate product, and a two-year tracker on loans of up to 90 per cent.

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