"Not only does Tesco Bank offer a well-known and respected brand, it has invested heavily in designing its intermediary portal that addresses many of the issues that prove challenging for advisers."
In May, Tesco added First Mortgage Direct, Alexander Hall, Savills Private Finance and Springtide Capital to its broker service.
Tesco Mortgage Intermediaries provides brokers with searchable lending criteria, webchat, and the ability to scan and upload documents and track the status of applications from any device.
Tesco's mortgage range includes two-year fixed rates from 1.67%, three-year fixes from 1.99% and five-year fixes from 2.07%.
David McCreadie, Managing Director, Tesco Bank, said: “We’re committed to helping as many customers as possible to buy their home. The addition of Openwork to our broker panel will ensure that Tesco mortgages are available to even more customers and I am delighted to announce this news.”
Paul Shearman, Mortgage Proposition Director at Openwork, added: “I am delighted to be adding Tesco Bank to our panel. Openwork’s objective is to offer our advisers the very best of the UK’s lenders, and following a detailed assessment of its proposition, we are convinced that Tesco Bank will deliver against this expectation.”
“Not only does Tesco Bank offer a well-known and respected brand, it has invested heavily in designing its intermediary portal that addresses many of the issues that prove challenging for advisers. This, alongside a highly rated relationship management team, will mean Tesco Bank will be well received by our advisers.”
