Tesco set for summer mortgage launch

Tesco Bank would not be drawn on an exact date for the launch, stating it would be subject to gaining regulatory approval. However, a spokesperson for Tesco Bank revealed the firm was in the advanced stages of the regulatory process and remained in ongoing discussions with the FSA. She says: "Our plans are on track and, subject to regulatory approval, we anticipate launching mortgages this summer." Tesco originally announced in April 2010 that it would launch a range of mortgages by the end of last year, alongside new savings products followed by current accounts. However, it re...