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M&S Bank enters mortgage market

Martin Greenland | 07:27 Wednesday 31st January 2018

Challenger M&S Bank has launched its first mortgage range, which includes products designed to help first-time buyers get on the property ladder.

The range features fixed and tracker options for homemovers and those looking to remortgage.

The first-time buyer range – which includes £1,000 cashback and a free valuation – consists of two- and five-year fixed rates and two-year tracker mortgages ranging from 60-90% LTV, on terms up to 30 years.

Sue Fox, CEO at M&S Bank, said: “The launch of an M&S mortgage is a major milestone for M&S Bank and I'm delighted that customers will now be able to get the M&S-standard service they have come to know and expect from M&S Bank when they make the biggest and most important purchase they will ever make: their home.

“With this in mind, we have developed a range of solutions to support first-time buyers and to assist families with their desire to help loved ones make that critical first step on the property ladder.”

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