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Tesco Bank extends mortgage broker panel to LSL brands

  • 17/01/2017
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Tesco Bank extends mortgage broker panel to LSL brands
First Complete and Pink networks are the latest distributors to join Tesco Bank’s mortgage distribution panel from today, after its launch into the broker market in April last year.

The lender offers searchable lending criteria, web chat, 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: “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.”

Tesco customers receive one Tesco Clubcard point for every £4 repaid on a monthly mortgage and sent within six weeks of payment.

Since launch in spring last year with London & Country after a delay, the lender has steadily widened distribution and began lending to 95% loan to value (LTV) in July 2016.

Distributors added to the panel since launch include some of Legal & General’s key partners including HLP, Mortgage Advice Bureau, Stonebridge and John Charcol with Openwork and broker firms including
First Mortgage Direct, Alexander Hall, Savills Private Finance and Springtide Capital joining shortly afterwards.

Tesco Bank took home the best overall online provider trophy at the Awards 2016, which recognise the efforts of companies offering the best products and services to consumers.

Tesco also scooped the prize for Best Online Life Insurance Provider, Best Online Travel Insurance Provider and Best Online Home & Contents Insurance Provider.

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