Tesco Bank is extending the validity period of its formal mortgage offers for new customers from three months to six months.
The follows the move by Tesco Bank to remove all booking fees from its range of mortgage products, lower the rates on its 95% LTV fixed rate products and make its 95% LTV mortgages available through brokers for the first time.
David McCreadie, managing director of Tesco Bank, said: “We are always looking at ways we can make the mortgage process as straightforward as possible for customers. After listening to feedback, we are pleased that we have been able to extend the validity period of our mortgage offers to six months, which will help to give customers more time to complete their mortgage journey.”