AA to Offer Mortgage Product
By |Published On: 15th July 2015|

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AA to Offer Mortgage Product

By |Published On: 15th July 2015|

This article is an external press release originally published on the Landlord News website, which has now been migrated to the Just Landlords blog.

AA to Offer Mortgage Product

AA to Offer Mortgage Product

The AA’s financial services department has signed a 10-year deal with the Bank of Ireland (UK) (BoI) and will enter the mortgage market next year.

AA financial services is a sector of the automotive breakdown company.

Yesterday, the BoI confirmed the agreement, stating that the new AA-branded mortgage product will be launched in the second quarter (Q2) of 2016.

A spokesperson could not confirm the loan terms of the mortgage or which part of the market it will target.

Managing Director of AA financial services, Kathryn Thomas, says: “[The deal] offers scope for the AA to expand into new financial services arenas such as mortgages.

“The new partnership creates a stable new platform within a diverse and fragmented marketplace that will allow the AA to compete with a long-term, strategic UK banking proposition.”1 

The BoI already has an arrangement with the Post Office, providing funding for the company’s mortgage range.

1 http://www.moneymarketing.co.uk/aa-to-enter-uk-mortgage-market/?mm_55a62361dde8f=55a62361ddee2

About the Author: Em Morley (she/they)

Em is the Content Marketing Manager for Just Landlords, with over five years of experience writing for insurance and property websites. Together with the knowledge and expertise of the Just Landlords underwriting team, Em aims to provide those in the property industry with helpful resources. When she’s not at her computer researching and writing property and insurance guides, you’ll find her exploring the British countryside, searching for geocaches.

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