Tesco mortgages report 'jumping the gun'
Supermarket group Tesco today played down claims that it was about to launch a major foray into the mortgage lending market.
Tesco described a report that it planned to sell Tesco-branded mortgages through its joint venture with Royal Bank of Scotland as “jumping the gun”.
The company confirmed it was looking at selling mortgages as part of its ongoing consideration of new product areas.
But a spokesman said: “We are nowhere near deciding how this will look or work, or whether and when it will be launched. It may never come to fruition.”
