Egg builds internet mortgage services

Egg, the direct internet banking arm of the Prudential, is allowing customers to submit mortgage applications online and has plans to offer a credit card facility to account holders later this year Through the addition of the online applications, the group is lowering its variable rate mortgage by 0.2% to 5.59%. The reduced rate will apply to existing borrowers as well as new applicants. Egg also last week signed a deal worth more than £1m with Excite UK, a search engine and portal website The deal will make all of Egg's financial services available through the Excite website, allowing vi...