View more on these topics

Sainsbury’s Bank to relaunch mortgage offering with Computershare

 Sainsburys-Building-2013-700x450.jpg

Sainsbury’s Bank has confirmed that it will re-enter the mortgage market in the first half of 2017, saying it has “made good progress with developing its mortgage proposition.”

Mortgage Strategy revealed in April that it was planning to re-enter the market after an absence of 12 years and was in talks with brokers about distribution. It will offer products through both direct and intermediary channels.

Third-party servicer Computershare Loan Services has been selected to provide mortgage administration services for the suite of products currently being designed.

Sainsbury’s Bank chief executive Peter Griffiths says, “We are designing a range of mortgage products especially for the Sainsbury’s customer. Computershare demonstrated a real understanding of our business and values, enabling us to be certain that together we can best serve our customers’ needs.”

Computershare will provide origination and post-completion services for Sainsbury’s Bank’s new book of mortgages when they are launched next year. Chief executive Andrew Jones says: “Sainsbury’s is an all-star household name and its decision to provide mortgages is a significant industry development. We’re very proud to have been chosen to provide an end-to-end service for what will become a significant book of mortgages as a result of our decades of experience, advanced expertise, innovation and reliability.”

Recommended

Sainsburys-Building-2013-700x450.jpg

Sainsbury’s confirms mortgage relaunch

Sainsbury’s Bank has confirmed it will launch back into the mortgage sector next year. Last week, Mortgage Strategy revealed Sainsbury’s had been in talks with distribution partners and was nearing a return to the sector after a 12-year absence. In its preliminary results, published today, it said: “Given the Bank’s strong trading performance and the […]

Sainsburys-Building-2013-700x450.jpg

Sainsbury’s Bank nears mortgage relaunch

Sainsbury’s Bank is nearing a relaunch into mortgage lending after nearly twelve years, Mortgage Strategy understands. Last April the bank brought in Colin Snowdon as a consultant to investigate a possible launch into mortgage lending. Sources close to the deal say that the bank has moved beyond the initial planning stages and is now talking […]

Colin Snowdon

Sainsbury’s Bank recruits Snowdon for mortgages plan

Sainsbury’s Bank has brought in Colin Snowdon as a consultant to investigate a possible launch back into mortgage lending. Earlier this year, the bank said it was eyeing a launch into the mortgage market but it has stepped up the process by calling on Snowdon, who brought Aldermore to market. A spokeswoman says: “We are […]

A question of service

Roy Armitage, head of credit, LendInvest Selling a loan is the part of a lender’s workload most visible to brokers and borrowers. Just as crucial – but less frequently observed – is how that lender services that loan. A commitment to quality servicing is one that’s front and centre for us at LendInvest and it’s […]

Newsletter

News and expert analysis straight to your inbox

Sign up