Tesco Bank has launched a range of 95% loan-to-value deals onto the market, with its two-year fixed rate storming into the charts with an outstanding rate of 3.99%.
The rate is fixed until 31.10.17 and comes with a highly competitive fee of just £495, offering the ideal combination for the first-time borrower.
This mortgage is available to house purchase and remortgage customers with a deposit of just 5%. Remortgagors can benefit from an incentive package of free valuation and free legal fees, and as an added bonus for loyal Tesco shoppers, one Clubcard point will be awarded for every £4 mortgage repayment made (conditions apply).
At this loan-to-value borrowers will be looking for the perfect combination of a low rate and low fee, and this mortgage certainly delivers. It offers the whole package for those with a limited deposit, seeing it comfortably enter the Moneyfacts charts and fully deserving the highest accolade.
Moneyfacts rating: Outstanding
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