Egg – UK Mortgage Lender
Egg was set up in 1998 and has become the world’s largest ‘online only’ bank. Egg is owned by Prudential, the financial services group.
Flexible Mortgages: lifetime base rate tracker mortgages and remortgages with options to make overpayments and underpayments.
Discount Mortgages: 2 year discounted rate mortgages and remortgages.
Split into three key areas, Egg operates a banking arm, an investing arm and an insurance arm, all of which can be combined to create an individual package suitable for most purposes. Egg first came to prominence with the Egg credit card that offered a no frills and affordable option for those looking to borrow unsecured smaller amounts of money.
Since then, Egg has gone from strength to strength and now offers a wide range of online services. Egg has devised an online system that allows a user to log on and check all of their bank accounts, whether they are Egg or not, with just one password.
Egg also offers ISA investments through the Prudential Cautious Managed Growth Fund that provides a healthy return but is not linked to the mortgages available in anyway.
The wide range of insurances are either offered through Prudential Health Limited or through AXA Insurance UK, allowing them to offer the most cost effective and appropriate insurances for customers at discounted rates. Bear in mind however that eligibility for cover will be based on the requirements of the third party providers.