The supermarket’s banking arm currently offers personal loans, credit cards, insurance, savings and travel money but chose to withdraw its mortgage range in July 2004.
A spokeswoman for Sainsbury’s Bank said: “We are constantly looking at ways to enhance our service, operations and products; offering mortgages is one of a number of options that we are investigating.”
In a report in The Scotsman in February 2014, chief executive Peter Griffiths described mortgages as a ‘natural bedfellow’ for the bank. He said the bank had to do something with the savings deposits it held and mortgages were an attractive option.
Tesco Bank, which began offering mortgages direct to consumers in November 2004, announced its intentions to start using the intermediary channel to distributions in the first half of 2016.
