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Wesleyan strikes deal with Mortgage Next

  • 08/05/2002
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Wesleyan Home Loans, a subsidiary of Wesleyan Assurance Society, has signed a deal with mortgage net...

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.’


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Correspondent lending might still be in its infancy in the UK but the scope for growth is definitely out there