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 Astra Mortgages, says: “Offering innovative new mortgages is pointless if intermediaries can’t access them without a huge amount of additional work and hassle. We believe that we have done our utmost to make our brand expansion as accessible to advisers as possible with simple to use web access and a dedicated intermediary helpline.”
A list of new products being launched by Astra is available on its website.
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