Tesco Bank begins lending at 95% loan-to-value (LTV) this week to brokers after its launch into the intermediary market in April this year.
The supermarket brand has just widened its distribution to more of Legal & General’s key partners and some of its Nouveau members, including HLP, Mortgage Advice Bureau, Stonebridge and John Charcol.
The new product range, which launches on Thursday 14 July, has no booking fee after broker feedback, with some of the range completely fee-free.
Rates have also been lowered on several five-year products.
Pipeline cases for the current product range, dated 16 June 2016, must be fully submitted and fees paid by midnight tomorrow (Wednesday) to secure a product.
Tesco first launched into the intermediary market with London & Country after a delayed launch and is expected to steadily evolve its distribution in the coming months.
Victoria Hartley is contributing editor at Mortgage Solutions, Specialist Lending Solutions, Your Money and Your Mortgage at London-based publishing company AE3 Media.
She has an MA in Radio from Goldsmiths after gaining a 2:1 in a Comparative American Studies BA at Warwick University. She also holds a TEFL qualification and taught overseas in Mexico and Japan from 1994 to 1997.
Her role includes editorial oversight of the news, analysis and features, event content management and strategic and editorial consultancy for the AE3 Media group. She is an experienced video, broadcast and live-event host and regularly chairs web and podcast debates and interviews.
Multiple award nominations have resulted in two wins: Santander Media Awards, trade journalist of the year and Headlinemoney Awards, mortgage journalist of the year (B2B). Here is one of the award-winning pieces: https://www.mortgagesolutions.co.uk/news/2011/07/21/exclusive-tale-bailey-fraud-witness/
Previous roles include editorships of Mortgage Solutions, consumer title What Mortgage and trade title Credit Today as well as a stint freelancing for a variety of outlets including The Guardian and Which? Money.
