Tesco Soon To Enter The Mortgage Market
There is some more good news on the mortgage market - Tesco are getting ready to enter the mortgage market...
The supermarket's mortgage proposition is to be submitted to the FSA for approval next month with a view to launch in the early summer of next year.
Tesco Bank has also just signed a five-year agreement for a mortgage call centre in Glasgow.
Vertex will be employing 200 call centre workers to service Tesco Bank.
Scottish first minister Alex Salmon said he was delighted: "I welcome Tesco Bank's plans to further increase their presence in Scotland as the company moves into the mortgage market."
Benny Higgins, chief executive of Tesco Bank, said good progress was being made towards the launch. He also made it clear that supermarket customers will benefit.
He said: "We are focused on designing mortgage products that are consistent with the Tesco brand, namely, products that are simple, transparent and reward customer loyalty."
Investors Key Criteria
Over the last month we have been speaking to a large number of our current investors gaining feedback on what they see as their key criteria over the coming months/year.
The top 3 key criteria are...
· Cashflow / Yield
· Real Discounts
· Location
Without doubt we can understand why the vast majority of experienced investors target yield & cashflow, which always ensures your portfolio can continue to grow strongly in all market conditions. This is why we are extremely consistent recommending investors look at properties in affordable areas that generate a strong positive monthly cashflow.
Article Courtesy of Alan Forsyth @ Property Investment Deals
