Tesco Bank extends mortgage broker panel

From today, customers of the challenger bank can access its range of mortgages through First Complete and Pink networks.

The lender said its Tesco Mortgage Intermediaries service is designed to provide brokers with “one of the easiest and most convenient services available”.

The service includes a number of features to help brokers make the transaction as straightforward as possible, including searchable lending criteria, webchat, and the ability to scan and upload documents and track the status of applications from any device. Brokers are able to contact Tesco Bank Intermediaries by phone or online using the Bank’s webchat functionality.

David McCreadie, managing director, Tesco Bank, said: “In 2017 we are continuing our commitment to help as many customers as possible to buy their own homes. The vast majority of Tesco Bank customers now select their mortgage with the help of a broker, and I am delighted to announce that First Complete and Pink have been added to our mortgage broker panel. With these additions it will help to ensure that Tesco mortgages are now available to even more customers.”

Features of Tesco Bank Mortgages:

- Tesco Bank mortgages reward the loyalty of customers with Clubcard points as they repay their mortgage. Customers can collect one Clubcard point for every £4 on their monthly repayments.*

- Flexibility to make regular or lump sum overpayments of up to 20% of the outstanding balance each year during the initial rate period, without having to pay an Early Repayment Charge.

- Available for first-time buyers, home movers and those looking to remortgage.

- Those remortgaging will also benefit from free standard legal fees and the first standard valuation.