You are here: Home - News -

Tesco Bank enters new build broker market

  • 11/10/2017
  • 0
Tesco Bank enters new build broker market
Tesco Bank is launching a dedicated new build service for intermediaries from tomorrow.

The lender will offer intermediaries a dedicated new build team, application case managers and direct access to underwriters. It will also instruct valuations upon submission.

Tesco Bank said it understood customers buying a new build home are often required to complete the purchase within a month or face financial penalty or losing their property.

The lender confirmed to Mortgage Solutions that brokers will receive the same proc fee for new build cases as current cases.

Tesco Bank director of mortgages, savings and loans Julian Hartley said: “We spoke to intermediaries at length to develop our new service and they stressed that speed, certainty and accuracy were vital when serving customers who are purchasing a new build property.

“By offering a dedicated team, with specialist case workers and access to underwriters we are confident that this service will be among the best available.”

There are 0 Comment(s)

You may also be interested in

  • RT @htbplc: 📢 | We're at the @mortgagesols Specialist Lending Event next month in Esher, Solihull, York and Liverpool. Interested in atten…
  • RT @ShawbrookBroker: Join us at the @mortgagesols Specialist Lending Event 2019 throughout Feb! Don't miss industry experts addressing the…
  • RT @OTJournalist: Eastgate to join Shawbrook as MD of commercial mortgages operation. He's spent more than six years at OSB.…

Read previous post:
Estate agent admits using images from different property

An estate agent has removed a misleading property advert after admitting the images of the inside were from a different...