Tesco to Offer Mortgages to Customers With 20% Deposit, FT Says
By Ben Moshinsky -
2012-08-04T07:14:51Z
Tesco Plc (TSCO), one of the U.K.’s largest retailers, will start offering mortgages to customers with a 20 percent deposit, the Financial Times reported.
The interest rates offered will range from 3.19 percent for a two-year fixed deal to 4.69 percent for a five-year tracker mortgage, the newspaper said, citing an interview with Benny Higgins, the chief executive officer of Tesco Bank.
-- Editor: Benedikt Kammel
To contact the reporters on this story: Ben Moshinsky in London at bmoshinsky@bloomberg.net
To contact the editor responsible for this story: Anthony Aarons at aaarons@bloomberg.net.
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