Remortgage deal stays in the charts | Product News - Moneyfacts

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Remortgage deal stays in the charts

Remortgage deal stays in the charts

Category: Mortgages
Date: 04/04/2016

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 It is now over 6 months old so the content may be out of date.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 increased the rate on its two-year variable rate mortgage, but despite this, it has kept its precious place on the Moneyfacts charts thanks to its continued competitiveness.

The basics…

This mortgage now has a variable rate of 1.45% until 30.6.18, the best rate for remortgages in its sector. It is available at a loan-to-value (LTV) of 75% and has a fee of £995.

The finer details…

Remortgagors in possession of a 25% deposit can benefit from a generous incentive package of free valuation and free legal fees. Borrowers can also take advantage of the option to make overpayments and take payment holidays, provided certain conditions are met.

Why we like it…

The rate rise on this deal has failed to neutralise its competitiveness. Indeed, it continues to sit comfortably on the charts and boasts an enticing incentive package as well as some flexible repayment options. As a result, remortgagors on the hunt for an attractive deal are likely to pay attention to this 'outstanding' product.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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