Tesco extends broker distribution

Tesco Bank has announced plans to increase the number of intermediaries offering its mortgages.

Customers can now access Tesco’s range of mortgages through First Mortgage Direct, Alexander Hall, Savills Private Finance and Springtide Capital mortgage brokers.

This is in addition to London and Country Mortgages, announced last month.

Tesco mortgages will also be made available through the remaining firms in Legal & General’s Nouveau and Key Partners panel over the coming months.

Tesco Mortgage Intermediaries aims to give brokers one of the easiest and most convenient services available.

It includes a number of features to help brokers make transactions straightforward, including searchable lending criteria, webchat, and the ability to scan and upload documents and track the status of applications from any device.

Brokers can contact Tesco Intermediaries by phone or online using the Bank’s webchat functionality.

David McCreadie, managing director, Tesco Bank said: “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.”