By Daniel Hunter

Tesco Bank have announced that they will extend their range of banking services with the launch of mortgages.

Tesco Bank mortgages, which will be available from today (Monday), will carry a unique feature as Tesco Clubcard holders will be rewarded with Clubcard points as they repay their mortgage

“Customers want choice in banking from a brand they know and trust to deal with them fairly. The launch of Tesco Bank mortgages is a major milestone towards offering Tesco customers a full retail banking service,” Philip Clarke, Chief Executive, Tesco said.

Benny Higgins, Chief Executive of Tesco Bank, commented: “Entering the mortgage market is a significant step in broadening the products we offer to Tesco customers. With a focus on serving Tesco customers for the long-term, we will take responsible lending decisions and have developed a mortgage business to meet our customers' needs now and into the future.

“We begin as we plan to go on - launching a product for Tesco customers designed to meet their expectations of value, customer service and reward.”

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