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