Tesco Bank has unveiled a broker-only new build team to speed up applications.

The lender’s bolstered new build proposition also includes dedicated application case managers and direct access to underwriters.

Tesco Bank will also instruct valuers immediately upon submission and give brokers access to the firm’s intermediary platform.

Tesco Bank director of mortgages, savings and loans Julian Hartley says: “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 amongst the best available.”

Customers buying a new build home are often required to complete the purchase within a month or face financial penalty or losing their property.