Current account mortgage provider Virgin One has taken a major step into the IFA market by signing up to the lending panel of network Mortgage Next.
Brokers belonging to Mortgage Next – the UK's biggest independent mortgage network – will be the first advisers in the UK able to access Virgin One mortgages for their clients.
Virgin One has sold over 70,000 current account mortgages since its launch in 1998 and has a mortgage book worth over £3bn. Previously, the loans were only available direct from Virgin One's website or phone operations.
It says the move – due to be publicised with a series of roadshows across the country throughout June – is part of an ongoing process to develop distribution partnerships.
Virgin One joins 18 other lenders, including Halifax and Woolwich, in offering mortgages through the network, which has around 6,000 advisers.
Mortgage Next managing director Martin Maynard says: “Virgin One is leading the field in developing these new innovative products and we felt it was an important part of our offering to be able to provide such a product to financial advisers.”