Sainsbury’s Bank considering move into mortgage market
Sainsbury’s Bank has confirmed it has been looking at offering a mortgage proposition according to a report in Mortgage Solutions magazine.
The supermarket’s banking arm currently offers personal loans, credit cards, insurance and savings accounts.
A spokeswoman for Sainsbury's Bank was quoted as saying: "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."
Aaron Strutt, product manager at Trinity Financial, says: “Sainsbury’s Bank has a huge amount of cash deposits and is looking for a way to lend more money.
“Tesco Bank launched into the mortgage market back in 2012 and the lender has offered some market leading rates. They have also introduced more competition into the market.”
There is so much competition in the mortgage market that it makes sense to ensure you are getting the cheapest rate.
For help to secure a leading mortgage, call Trinity on 020 7016 0790.
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