Tesco Bank extends mortgage broker panel with addition of Mortgage Intelligence

From this week, customers can now access Tesco Bank’s mortgages through the retail giant’s Mortgage Intelligence Network.

Tesco Bank’s Mortgage Intermediaries platform is designed to provide brokers with one of the easiest and most convenient services available.

The service includes 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.

Julian Hartley, product director, Tesco Bank, said: “I am delighted that the Mortgage Intelligence Network will now be able to help Tesco customers select their mortgage. At Tesco Bank we want to help as many customers as possible buy their own home and with the vast majority of Tesco customers now selecting their mortgage via a broker, it is important that we continue to extend the reach of our intermediary network.”

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 per cent 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.