Tesco and Virgin to offer mortgages?

6 October 2008

Supermarket giant Tesco and Richard Branson`s Virgin Group are both looking to move into the mortgage market, it has been revealed.

In news which may be of interest to consumers seeking a home loan or to remortgage their property, both organisations have said that now is a good time to enter the field, Utalkmarketing reports.

According to the news source, Tesco told Adage.com that it is to begin offering checking accounts within a year and that mortgages will follow "in due course".

Meanwhile, Branson revealed he is seeking to launch a Virgin mortgage product because consumers are currently facing a lack of choice.

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