View more on these topics

Tesco Bank widens broker distribution


Tesco Bank has widened its distribution after launching into the broker market last month.

From today the lender offers its range through First Mortgage Direct, Alexander Hall, Savills Private Finance and Springtide Capital.

Tesco Bank, which launched through London & Country last month, will add the remaining panels on Legal & General’s Nouveau panel in the coming months.

Tesco Bank managing director David McCreadie says: “We want to help as many customers as possible buy their home. The vast majority of Tesco customers now select their mortgage with the help of a broker, and I am delighted that following last month’s successful launch of our intermediary service, we are now extending our distribution to make Tesco mortgages available to even more customers.”



Tesco launches into broker market

Tesco Bank has made its long-awaited entry into the broker market. Tesco Mortgage Intermediaries is being offered first through London & Country, then through Legal & General’s Nouveau panel in the coming months. It has trackers starting from 1.35 per cent, two-year fixed rates from 1.67 per cent and five-year fixes from 2.34 per cent. […]


Tesco Bank plans move into broker market

The broker market received a boost last week after Tesco Bank confirmed plans to launch into the intermediary channel. The lender has been offering mortgages directly through its stores since 2012, advancing more than £1bn in loans. Last October, Mortgage Strategy revealed the supermarket was considering launching through brokers. In an interview with The Daily […]

FCA logo new 3 620x430

FCA warns on mortgage network panels and commercial deals

The FCA has raised concerns that commercial deals along the mortgage supply chain and the dominance of networks pose a risk to competition in the mortgage market. The regulator has published two reports today on whether the mortgage market is working effectively for borrowers. In the first report, the FCA says following the Mortgage Market […]

Europe: why persist with value today?

By Rob Burnett, Neptune’s Head of European Equities The Neptune European Opportunities Fund remains committed to a value bias. We see a broadening array of opportunities in diversified industries at compelling valuations today. The most complicated part of the market is the European banks. We are currently overweight in this sub-sector as many banks are […]


Employer iPMI responsibilities could continue to escalate, says Jelf

New laws in Dubai will put the burden of providing international private medical insurance (iPMI) firmly on the shoulders of the employer in order to maintain the country’s leading healthcare facilities. With 10,000 UK nationals having moved to the country since 2007 and only 16.5 per cent of the total 8.2 million people living there being Emiratis, Jelf Employee Benefits believes this move was inevitable and employer responsibilities could continue to escalate in future.


News and expert analysis straight to your inbox

Sign up