Norwich & Peterborough Building Society (N&P) has announced that all intermediary business will be transacted via its Astra Mortgages brand from 10 March.
As part of the move, Astra will provide a new range of mortgages, allowing intermediaries to offer lower priced products than are currently available. N&P says the new model will allow the building society and its intermediaries to offer low-priced products to the prime, light adverse and buy-to-let sectors. Astra will also be launching an online point of sale decision-making tool, enabling brokers to give a confirmed rate within 15 minutes, while full applications can have fields populated from the point of sale system. Commenting on the new system, Graham Toy, managing director of Astr...
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