Tesco Bank launches new partnership with LMS

Leading challenger brand, Tesco Bank, have selected conveyancing panel management specialists, LMS, as their integrated conveyancing partner.

Tesco Bank has partnered with LMS due to the providerís wealth of expertise working within the UK lender market, and their proven ability and track record in delivering for all key stakeholders.

LMS is the only provider in the market that can offer the full range of conveyancing services and as part of the partnership, will provide fees assisted remortgages and general panel management, the latter through its dedicated service Panel Link, for Tesco Bank. It will offer all brokers and customers access to an extensive, fully vetted, open and secure panel of law firms.

Tesco bank is one of the UKís leading challenger brands, aiming to make banking easier, whilst being better value for their 6 million customers every day. The bank was named best First-time Mortgage Provider and Best Bank Mortgage Provider at the 2016 Moneyfacts Awards, as well as Best Variable Rate Mortgage Provider at the 2016 Personal Finance Awards.

Andy Knee, Chief Executive of LMS, comments:

We are delighted to provide both our customer products and Panel Link services to Tesco Bank, their customers and their mortgage intermediaries. Tesco Bank is an exciting challenger brand who is fully committed to offering their customers the highest possible level of service, while also offering attractive products. We are looking forward to building a long-term relationship with them.

David McCreadie, Managing Director at Tesco Bank, comments:

Tesco Bank has been in the mortgage market for nearly five years and in the intermediary market since April 2016. Throughout, we have focussed relentlessly on improving the service that we provide. As LMS is able to provide us with a high quality and complete service that will allow us to meet and exceed the needs of our customers and intermediaries, they were a natural choice to help us offer a high level of service to customers.