"They stressed that speed, certainty and accuracy were vital when serving customers who are purchasing a new build property."
Tesco says it launched the service to ensure that new build applications are processed quickly as new build customers are often required to complete the purchase within a month to avoid facing financial penalty or losing their property.
Tesco Bank’s dedicated new build service also offers direct access to underwriters, with valuations instructed immediately upon submission.
Julian Hartley, Director of Mortgages, Savings and Loans, said: “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.
