M&S mortgage products will not be offered before 2013.
It was recently advised that mortgage deals would soon be on offer through the UK high street retailer Marks and Spencer.
The M&S marketing director Steve Sharp was the initial driving force behind the M&S Bank, currently the plan is to open 50 branches inside stores over the next two years.
Mr Sharp said that the idea to turn its already successful financial services division into a bank came with reports of the Northern Rock collapse in 2007.
The M&S Bank which has offered savings accounts and credit cards for the last few years is now adding current accounts and mortgage products to its range. It was originally thought that current accounts would be on offer this summer and mortgages by late autumn.
However M&S have recently advised that mortgage products will not be offered until 2013 adding that it is not planning to make any further mortgage plan announcements this year. It is currently anticipated that a current account will be launched this autumn.
The first M&S Bank branch will be opened in its London Marble Arch store.
For the most competitive mortgage offers contact Deal Direct.
