New Street agrees distribution deal with Intrinsic

New Street agrees distribution deal with Intrinsic

New Street Mortgages has expanded its distribution by partnering with Intrinsic Financial Services.

The agreement will see New Street added to Intrinsic’s panel of mortgage lenders, following similar deals done with Legal & General Nouveau and Mortgage Advice Bureau.

New Street initially launched into the market in February with London & Country, John Charcol and the LSL mortgage networks Pink and First Complete.

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It offers procuration fees of 0.5 per cent on buy-to-let mortgages, with plans to expand distribution channels and product offerings later in 2016.

Sales director Adrian Whittaker called it another step forward in the firm’s commitment to delivering a modern, digital approach to a growing number of intermediaries.

Emma Hollingworth, Intrinsic mortgage sales director, added: “Today’s announcement is a reflection of our focus on supporting mortgage advisers and their clients with a compelling proposition supported by a range of quality lenders.”