Bank to enter broker market after profit hike
By Tom BelgerTesco Bank has revealed that it is planning to sell mortgage products through intermediaries after revealing an increase in profit before tax
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The lender made the announcement at the same time as revealing that its profit before tax increased to £187.9m in the 12 months to 29th February 2016, 11.7% higher than the previous year.
Its mortgage balance reached £1.67bn, a 39.5% increase on the previous 12 months.Bridging Finance, Commercial Finance, Bridging Lender, Commercial Lender, Alternative Finance, Broker news, Bridging loans, Tesco Bank, Mortgage, Intermediaries, Banking, Challenger bank