View more on these topics

Tesco Bank doubles mortgage offer period to six months

Tesco-Bank-Building-Logo-700x450.jpg

Tesco Bank is doubling its validity period for formal mortgage offers from three months to six months.

The move follows a decision from the lender to scrap all booking fees from its mortgage range.

Tesco Bank also recently lowered the rates on its 95 per cent LTV fixed-rate products and made its 95 per cent LTV mortgages available through brokers for the first time.

Tesco Bank managing director David McCreadie says: “We are always looking at ways we can make the mortgage process as straightforward as possible for customers.

“After listening to feedback, we are pleased that we have been able to extend the validity period of our mortgage offers to six months, which will help to give customers more time to complete their mortgage journey.”

Recommended

2

Do consumers really want longer-term fixed rates?

Will attractive long-term gilt yields, post-Brexit nervousness and a potential cut in interest rates prompt both lenders and borrowers to commit to longer-term fixes? The UK’s love affair with fixed-rate mortgages shows no signs of fading. Lenders are wooing borrowers with record-low rates as they vie for attention. And now that some attractive long-term gilt […]

Tesco-Bank-Building-Logo-700x450.jpg
3

Tesco Bank to lend through brokers to 95% LTV

Tesco Bank will soon lend to brokers at 95 per cent LTV. The 95 per cent LTV products include a two-year fixed loan at an initial 3.74 per cent with no fee and a five-year fixed at 4.29 per cent, also with no fee. A Tesco statement says the new range will launch at 8am […]

Sainsburys-Building-2013-700x450.jpg

Sainsbury’s confirms mortgage relaunch

Sainsbury’s Bank has confirmed it will launch back into the mortgage sector next year. Last week, Mortgage Strategy revealed Sainsbury’s had been in talks with distribution partners and was nearing a return to the sector after a 12-year absence. In its preliminary results, published today, it said: “Given the Bank’s strong trading performance and the […]

How to use wills to protect your clients’ wishes

March was Free Wills Month! Free Wills Month brings together a group of well-respected charities to offer members of the public aged 55 and over the opportunity to have their simple wills written or updated free of charge by using participating solicitors in selected locations around England and Wales. Research by the Law Society* highlighted that only 64 […]

Newsletter

News and expert analysis straight to your inbox

Sign up