Tescocompare.com today announces the launch of another non-insurance based comparison service, allowing consumers to search the whole of the market to compare mortgages.
The new channel is a further extension of Tescocompare.com's existing channels, which offer car, home and motorbike insurance comparison services as well as credit card, personal loans and utility provider comparisons.
The new Tescocompare.com mortgage channel offers consumers an impartial whole-of-market, no-fee, online mortgage search service with an option to contact a dedicated advice team by phone.
Based on their search results, consumers have the option to select up to four mortgages that interest them most and then compare over 25 individual features of these products, on a like-for-like basis. To make the comparison process even easier, Tescocompare.com assists customers by highlighting and sorting returned search results by the features that are most important for their individual mortgage needs.
Tescocompare.com also offers useful tools such as mortgage calculators, to help people decide how much they can borrow and how much it will cost them in repayments. The site hosts a 'jargon buster', explaining different mortgage-related technical terms to ensure borrowers can make an informed decision when choosing their mortgage. Once consumers have chosen the right mortgage for them, they can check their individual eligibility for the chosen product online or by phone.
Matthew Dransfield, spokesperson at Tescocompare.com comments: "As with all our comparison services, we put the customer first. Our mortgage comparison service allows people to perform a whole of market search to find the most suitable product for their borrowing needs. As with our other comparison channels, our focus is on helping consumers make important financial decisions. Allowing people to compare product features on a like for like basis will be a great help for anyone looking for a mortgage, whether they are first-time buyers or looking to re-mortgage.
"In the current market environment borrowers are no doubt finding it harder to select the right mortgage for their needs. Tescocompare.com not only provides a comprehensive search of the mortgage products available, but has a dedicated advice team on hand offering expert advice over the phone."