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Sainsbury’s Bank adds MAB and Stonebridge to distribution panel

by: Chris Menon
  • 30/10/2017
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Sainsbury’s Bank adds MAB and Stonebridge to distribution panel
Sainsbury’s Bank has added Mortgage Advice Bureau and Stonebridge Group, both key relationships of Legal and General Mortgage Club, to its list of mortgage brokers.

The lender said it intended to continue growing its broker distribution network over the next year.

Catherine More, head of mortgages at Sainsbury’s Bank, said: “We’re one of the few new mortgage entrants to have launched from day one with a broker channel, as well as direct, as we recognise the importance of this channel to our customers. We’re delighted that we’re now welcoming two more broker partners on board.” 

More added: “Our aim is to continue to grow our broker network, as we grow our business, and welcome a range of brokers on board over the next twelve months.”

Danny Belton, head of lender relationships, Legal & General Mortgage Club, explained: “Legal & General Mortgage Club is pleased to be working with Sainsbury’s Bank to bring it to market through some of our key relationships. The bank is a well-known brand that will bring yet more competition to the mortgage market through intermediaries, and will increase choice for customers with their proposition.”

Brian Murphy, head of lending at Mortgage Advice Bureau commented: “Mortgage Advice Bureau is delighted to be among the first broker groups to have access to the Sainsbury’s Bank mortgage product proposition.

“Sainsbury’s Bank’s entry alongside the growing number of mortgage lenders provides our customers and brokers with even further choice, allowing us to meet the needs of customers who want to buy, move home or refinance their existing arrangements.”

Paul Nye, business partnerships director at Stonebridge Group, added: “Competition and product choice is vital in the mortgage market and we are certain Sainsbury’s Bank commitment to this market and its reputation for service delivery will generate plenty of interest in the proposition from both Stonebridge firms and their clients.”

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