UK food giant launches mortgages

M&S Bank launches its mortgage offering with special products for first-home buyers

UK food giant launches mortgages
Marks & Spencer’s (M&S) Bank has launches its mortgage offering, including fixed and tracker options for purchase and refinancing, as well as first-home buyer options.

The UK food giant announced in October that it would – subject to regulatory approval – launch its first mortgage products in early 2018, the announcement (at the time) coincided with M&S Bank’s fifth birthday.

A range of products are focused on first-time buyers, offering $1930.02 cashback and free valuations.

M&S Bank chief executive Sue Fox said: “We launched M&S Bank to bring the M&S brand values to banking.”

Fox said since the bank launched in 2012, their accounts had proven “incredibly popular with customers” who wanted transparent bank accounts, with no overdraft fees.

“We’re incredibly excited to be able to bring this M&S standard service to customers purchasing a home, whether they’re making their first or final step on the property ladder, and for every move in-between.

“Many of our customers have shopped with M&S their whole lives, feeling the comfort of the brand at every key life event, from their first day of school, to their first job interview, and every Christmas, wedding and family get-together along the way,” Fox added.

M&S Bank mortgages will be available directly from M&S Bank and also through the broker channel.


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