Wesleyan Home Loans, a subsidiary of Wesleyan Assurance Society, has signed a deal with mortgage network Mortgage Next, giving clients access to the network’s panel of mortgage providers. Wesleyan Home Loans will cease to be a lender in its own right and will change its name to Wesleyan Mortgage services.
Keith Poulton, Home Loans manager at Weslyan, said: ‘We did a strategic analysis of our position and as a relatively small, wholesale-funded lender, we were beginning to struggle to lend in our own right. So we decided to follow other lenders and give customers access to a broking service, which gives them a wider slice of the market.’