Outstanding first-time buyer mortgage | Product News - Moneyfacts

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Outstanding first-time buyer mortgage

Outstanding first-time buyer mortgage

Category: Mortgages
Date: 25/01/2016

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 It is now over 6 months old so the content may be out of date.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 amended selected product fees across its mortgage range, with one of the deals to benefit being its 95% LTV fixed rate product, earning it an "outstanding" rating as a result.

The basics…

This mortgage is priced at 3.89% to 31.3.18 and comes with a fee of just £195, a reduction of £300, making it a highly cost-effective choice for first-time buyers.

The finer details…

The deal is offered to house purchase customers with a deposit of just 5%, and it comes with added flexibility in the form of permitting overpayments and payment holidays, provided certain conditions are met.

Why we like it…

The fee cut to this mortgage ensures that it comfortably holds its own in the charts. It may not boast the lowest rate in its sector, but the incredibly low fee means that it easily outweighs its lower-priced rivals, making it an outstanding product that truly 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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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