With the news Tesco is to launch into the mortgage market, how soon do you expect the lender to gear up for market domination?
Mortgage Solutions revealed on Saturday that Tesco is to launch its first mortgage range, covering a range of 2, 3 and 5-year fixed rates and 2-year trackers for both homebuyers and remortgagors.
While welcoming competition amongst lenders, some brokers have been sceptical about whether brand recognition and the offer of Clubcard points will be sufficient drivers to secure the lender significant market share.
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