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Tesco’s FTB mortgage rockets into first place

Tesco’s FTB mortgage rockets into first place

Category: Mortgages
Date: 09/02/2018

Tesco Bank has reduced selected mortgage rates, which sees its five-year fixed first-time buyer (FTB) mortgage now offer the most competitive deal in its sector, earning it the number one spot in the FTB Best Buys and a high Moneyfacts rating.

The basics…

This mortgage now offers a rate of 3.98%, fixed to 30.04.2023, at 95% loan-to-value (LTV). It is fee-free.

The finer details…

This deal is offered to all first-time buyers with the necessary deposit. It comes with an incentive package that includes a free valuation, as well as the option to make overpayments and take payment holidays, provided certain conditions are met.

Why we like it…

Given this deal's competitively low fixed rate and fee-free nature, it will surely be an attractive choice for first-time buyers. It has therefore easily earned the top spot in the Best Buy chart for its sector, as well as a high rating.

Moneyfacts rating: Excellent

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

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