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B&B sells its own-branded mortgages

Bradford & Bingley will stop selling mortgages from other lenders today and will instead sell its own-branded mortgage products.

The Bank will offer advice on buy-to-let, self-certification, first-time buyer and standard mortgages which will be sold through its 205 branches throughout the UK.

B&B says it will be the first nationwide high street lender to offer self-certification mortgages for self employed people as well as those who want to borrow against other sources of income in addition to their regular salary.

B&B managing director of group strategy Mark Stevens says: “We have a lot of experience of the buy-to-let and self-cert markets having been in them from the early days. We remain committed to selling mortgages through independent brokers and financial advisers but there is demand for these more specialist mortgages on the high street.

“We are responding to changes in peoples’ lifestyles. We expect the buy-to-let and self-cert markets to continue to grow due to the rise in the number of people choosing to rent and the growth in the number of people working for themselves which now stands at four million people.”

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