AA Financial Services plan to join the mortgage market

A spokesperson for AA Financial Services has announced that the organisation plans to branch out by launching a range of mortgages next year.

The company is currently more widely known for offering a breakdown service to motorists, and it has already begun to diversify by offering credit cards, loans, savings and life insurance. The announcement follows a recent partnership with the Bank of Ireland UK.
A spokesperson from AA Financial Services has said:

“As part of the AA’s new partnership with the Bank of Ireland UK we are looking to provide AA branded mortgages for the first time in 2016. We believe this provides a strategic fit with the AA’s existing home services such as insurance and home emergency cover.”

They have yet to reveal further details of the product range that will be available to potential borrowers. In recent times the Bank of Ireland has made numerous changes to their processes and procedures in order to increase and strengthen their position within the mortgage market.

Last month saw the lender unveil a system that allows brokers to submit a mortgage application quickly and efficiently in a process that is completed in minutes, and said to be the markets fasted online system.

Having passed your CeMAP training, you will work within the processes and procedures of your employer as well as the regulation set by the Financial Conduct Authority (FCA). Whether you work for a particular company or a broker who has access to a wider range of mortgage providers, you will always act in the best interest of your customer.



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