The partnershipwill see Ipswich’s productsavailable to intermediaries across Britainon the Mortgageforce lending panel. Mortgageforce has a network of over 100 brokers servicing all of the UK’s major population centres.
Robert Clifford, Chief Executive at Mortgageforce, said: “Our two organisations have a great deal of synergy and are both pioneers in our own respective ways - us in the area of having a nationwide operation, and Ipswich in the area of having first-rate products. This partnership gives far more customers access to Ipswich’s mortgages, including its leading fees-free deals.”
Paul Winter, Sales and Marketing Director of Ipswich Building Society, said: “This move is a part of the distributional changes that we will be putting in place during 2004. Linking up with such a large national broker ensures a lot more consumers are made aware of just how good our products are.”
Ipswich believes that its two-year discount fee-free remortgage will prove particularly popular for Mortgageforce brokers. It offers borrowers 4.75% for two years (discount of 1.05% off Standard Variable Rate for two years), loans up to 80% loan-to-value, no arrangement fee, no application fee, legal fees paid or £250 cashback, and no compulsory insurance. Redemption penalties only apply during the discount period.
