An additional 200 jobs could soon be created in Glasgow as Tesco Bank plans sales and services posts for its new mortgages section.
According to recent reports on the Business7 website, Tesco has agreed a five year deal with global customer management firm Vertex to support its mortgage launch planned for the middle of 2011 with its mortgage employees based in the Scottish city of Glasgow.
Benny Higgins, chief executive of Tesco Bank, said: “We are focused on designing mortgage products that are consistent with the Tesco brand; namely, products that are simple, transparent and reward customer loyalty.
“We are making good progress and plan to submit our proposals to the FSA next month.
“We have been very impressed with the quality of applicants we have seen for our Broadway One office in Glasgow and firmly believe that this is also the right location for customer sales and service staff for our mortgage business.
“Customer service is central to Tesco as a group and these will be crucial roles for the business as we look to enter the mortgage market next year.”
The Tesco Bank is already the UK’s biggest supermarket bank. The firm has more than 6 million accounts with customers over around 30 financial services and products.
Having a base or partial base in Scotland can be helpful for any mortgage business because if you plan to work as mortgage advisor in Scotland some legalities or ways of working are slightly different there than in England and Wales. If a person wants to take the CeMAP exam to become a mortgage advisor, it always makes it easier if your CeMAP trainer has material specific to Scotland.