Tesco's plans to launch mortgages delayed, says reports
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Tesco’s plans to launch mortgages have reportedly been delayed by up to 12 months because it is waiting for its Financial Services Authority permissions, claims the Observer newspaper.
It was aiming to launch a range of mortgages through Tesco Bank by the end of the year.
The supermarket also hoped to launch a current account next year, which may now also be delayed.
The supermarket’s half-year figures are due tomorrow, and the supermarket is expected to report sales growth of 1.1% - in Q1, as it battled with plunging food inflation.
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