Egg builds internet mortgage services

Egg, the direct internet banking arm of the Prudential, is allowing customers to submit mortgage app...

Egg, the direct internet banking arm of the Prudential, is allowing customers to submit mortgage applications online and has plans to offer a credit card facility to account holders later this year. Through the addition of the online applications, the group is lowering its variable rate mortgage by 0.2% to 5.59%. The reduced rate will apply to existing borrowers as well as new applicants. Egg also last week signed a deal worth more than £1m with Excite UK, a search engine and portal website. The deal will make all of Egg's financial services available through the Excite website, allowing ...