Mortgages to Join Sandwiches Next Year at U.K.'s Marks & Spencer

M&S Bank says it plans to offer mortgages early next year
HSBC-owned lender is one of several at British supermarkets

An employee replenishes a chilled fresh food cabinet inside a branch of Marks & Spencer Group Plc (M&S) in London, U.K., on Wednesday, March 2, 2016. Non-food retail would be more affected than food retailers if the U.K. votes to leave the EU on June 23, HSBC Holdings Plc said.
Photographer: Chris Ratcliffe/Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Eric Pfanner

October 20, 2017 at 4:00 PM UTC

This article is for subscribers only.

Britons will be able to pick up one more product when they shop at Marks & Spencer Group Plc stores next year: home loans.

M&S Bank, owned by HSBC Holdings Plc and run as a joint venture with the food and apparel retailer, will begin offering mortgages in early 2018, it said in a statement Friday. It joins other banks linked to retailers, including Tesco Plc and J Sainsbury Plc, in the home-lending business.