August 5, 2012
The Age
British retailer Tesco will start offering mortgages to customers with a 20 per cent deposit.
The interest rates offered will range from 3.19 per cent for a two-year fixed deal to 4.69 per cent for a five-year tracker mortgage, the company said on its website.
The mortgages will be available from August 6 and will also give customers the option of taking monthly repayment holidays each year.
”Entering the mortgage market is a significant step in broadening the products we offer to Tesco customers,” Tesco Bank chief executive Benny Higgins, said.
Posted in Industry News
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