Tesco Bank doubles mortgage offer period to six months

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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.”