The product range is set to include mortgages for both first-time buyers and homemovers.

The mortgages will be available directly from the bank, as well as through the broker channel.

Sue Fox, CEO of M&S Bank (pictured above), said: “Since launching as a bank just five years ago, the M&S current accounts have proven incredibly popular with customers who want a transparent bank account, with no overdraft charges, and the same great service they have come to know and expect from the M&S brand.

“We're incredibly excited to be able to bring this M&S-standard service to customers purchasing a home, whether they're making their first or final step on the property ladder, and for every move in between.

“Many of our customers have shopped with M&S their whole lives, feeling the comfort of the brand at every key life event: from their first day of school, to their first job interview and every Christmas, wedding and family get-together along the way.

“We're now in a position to support our customers with the biggest financial decision they'll ever make – their home.

“And we know this isn't just a financial decision – it's about family, friends and future – and the memories that make up the tapestry of our lives.”

This announcement came as M&S Bank marked its fifth anniversary as a bank and current account provider.

The bank's current account offers a transparent account structure and a range of retail rewards in return for a monthly fee.