Tesco Bank slashes three-year mortgage rate | Product News - Moneyfacts

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Tesco Bank slashes three-year mortgage rate

Tesco Bank slashes three-year mortgage rate

Category: Mortgages
Date: 02/04/2013

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 It is now over 6 months old so the content may be out of date.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 reduced selected rates across its fixed mortgage range by up to 0.50%. Most notable is the three-year deal available to borrowers with deposits of 25% and over, which has been propelled into the top five of the medium-term mortgage market.

The basics…

This deal offers a rate of 2.79% fixed to 30.6.2016 and has a maximum loan-to-value of 75%.

The finer details….

A minimum of £40,000 can be borrowed by purchase and remortgage customers.

A fee of £195 is payable upfront. Generous incentives of a free valuation and free legal fees are offered to those remortgaging.

Customers will receive one Tesco Clubcard point for every £4 mortgage repayment (excluding fees and charges), whilst the flexibility to make overpayments, underpayments and take payment holidays are also allowed.

Why we like it….

Borrowers looking for a considerably competitive and flexible mortgage shouldn't be disappointed with this latest offering from Tesco Bank. Four out of five Moneyfacts Stars have been awarded.

What next?

Mortgage repayment calculator
How much can you borrow calculator
Compare 3 year fixed rate mortgages

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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