Tesco Bank launches mortgages
Supermarket giant Tesco has extended its range of banking services with the launch of a range of mortgages.
Tesco Bank mortgages, which are available from today, include two, three and five-year fixed rate mortgages, and a two-year base rate tracker. In addition, Tesco Clubcard holders will be rewarded with Clubcard points as they repay their mortgage, and will be given one point for every £4 on their monthly mortgage repayments.
Philip Clarke, chief executive, Tesco said: “Customers want choice in banking from a brand they know and trust to deal with them fairly. The launch of Tesco Bank mortgages is a major milestone towards offering Tesco customers a full retail banking service.”
Benny Higgins, chief executive of Tesco Bank, added: “Entering the mortgage market is a significant step in broadening the products we offer to Tesco customers. With a focus on serving Tesco customers for the long-term, we will take responsible lending decisions and have developed a mortgage business to meet our customers’ needs now and into the future.
“We begin as we plan to go on – launching a product for Tesco customers designed to meet their expectations of value, customer service and reward.”
