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Marks and Spencer to launch mortgage range

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You will soon be able to buy a house with Marks & Spencer, after the retail giant’s banking arm announced plans to launch a mortgage range.

The company better known for selling groceries and underwear will roll out its first mortgage products early next year, subject to regulatory approval.

The M&S Bank products will be targeted at both first-time buyers and home movers, with rates and further details to be announced next year.

Telegraph
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Comments

  • chesky
    chesky Posts: 1,341 Forumite
    Eighth Anniversary 1,000 Posts
    If it's run the same way as M & S food, I suppose it will be just that bit more expensive than everyone else's.
  • amnblog
    amnblog Posts: 12,729 Forumite
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    Best for pants.
    I am a Mortgage Broker

    You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • kingstreet
    kingstreet Posts: 39,258 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    White-labelled HSBC stuff, I suspect.
    I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.
  • amnblog
    amnblog Posts: 12,729 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    As you may have guessed, one of my pet hates is Brands branching into new areas based on nothing but having a Brand name.

    At least when Virgin do it they tend to offer something different than borrowing a 747 and pilots from an existing player and slapping their logo on it.
    I am a Mortgage Broker

    You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • Browntoa
    Browntoa Posts: 49,604 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    if they are as strict with their mortgage application vetting as they are with the bank account it will be a very narrow market for them
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