Tesco Bank extends broker distribution

The vast majority of Tesco customers now select their mortgage with the help of a broker.

Tesco Bank has added First Mortgage Direct, Alexander Hall, Savills Private Finance and Springtide Capital mortgage brokers to its distribution panel.

Previously the lender was piloting broker distribution with London and Country mortgage brokers.

In the coming months, Tesco mortgages will also be made available through the remaining firms in Legal & General’s Nouveau and Key Partners panel - Charcols, Stonebridge, Mortgage Advice Bureau and Home Loan Partnership.

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