Clydesdale is currently selling two fixed rates via Bradford & Bingley- owned intermediary Charcol.
NAB is remaining tight-lipped over its plans, but a spokesman said: “We are still at the early stages of investigating the market and we are looking at our options.”
Ray Boulger, senior technical manager at Charcol, admitted: “We are piloting these mortgages on an exclusive basis and they are proving very popular. We expect the pilot to last for several months.”
He added that the appointment of John Stewart, formally of Barclays mortgage arm Woolwich as managing director and chief executive officer of NAB meant it was no surprise to see a move into the intermediary market.”
Linda Will, managing director of Yorkshire Building Society’s intermediary-only lender Accord Mortgages, said: “One reason NAB may have chosen Clydesdale to relaunch their intermediary lending is that despite having a very good reputation in Scotland, it has virtually no presence south of the border. This means that brokers like Charcol who charge a fee don’t need to worry about the client leaving the office and going direct to the lender.”
Will went on to say that it was an interesting time to enter the intermediary market as it was still unclear which of the networks would be successful and therefore difficult to know which panels to form relationships with.
