2-yr mortgage has rate reduced | Product News - Moneyfacts

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2-yr mortgage has rate reduced

2-yr mortgage has rate reduced

Category: Mortgages
Date: 15/02/2016

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Tesco Bank has cut the rate on its two-year fixed mortgage by 0.09%, cementing its place in the Moneyfacts charts and winning it an 'outstanding' rating.

The basics…

This deal now has a very attractive rate of 2.19% fixed until 31.5.18, allowing it to take a comfortable place in the charts. It is available at a loan-to-value (LTV) of 90% and has a fee of £995.

The finer details…

Borrowers with a modest deposit of 10% are welcome to apply for this deal, which comes with an incentive package for remortgage customers of free valuation and free legal fees. Borrowers are also allowed to make overpayments and take payment holidays, giving them some much-needed flexibility.

Why we like it…

Borrowers in possession of a smaller deposit are likely to eye up this newly-improved deal with interest thanks to its competitive rate and flexible repayment options. Remortgagors in particular are likely to be interested thanks to its enticing incentive package. This is an outstanding product that fully deserves the highest Moneyfacts rating.

Moneyfacts rating: Outstanding

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

 

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

 
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