Tesco Moves into Mortgages
From this week, you can pick up something unusual from the tills at Tesco: a home loan. That's because the UK's largest supermarket chain has just launched a range of mortgages. Try a Tesco mortgage. Through its Tesco Bank arm, Britain's biggest grocer now offers home loans to borrowers with at least a 20% deposit. This suggests that Tesco doesn't want to get into the riskier end of the market, such as first-time buyers and anyone else borrowing more than 80% of a property's value.