Tesco reviews fixed mortgage rates and unveils very low-rate tracker.
Competitiveness continues among the UK’s mortgage lenders as Tesco announces the introduction of a tracker mortgage with its lowest-ever rate. They now offer a 2 year tracker for up to 60% LTV with a mortgage rate of 0.98%.
The bank has also reviewed the rates on its fixed term products; which include:
- 5 year fixed for up to 60% LTV with a mortgage rate of 1.92%
- 5 year fixed for up to 75% LTV with a mortgage rate of 2.12%
Reviews to the rates of its 2 and 3 year fixes have also been made.
Depending on whether you are a mortgage or remortgage customer, other fees may be charged, which must be factored into the calculations to work out the true cost of the mortgage. You don’t have to do this all by yourself, though, as our highly skilled advisers at Deal Direct can do this for you.
We can compare a range of deals on a like-for-like basis, that match your lending requirements from the whole of the market. This hassle-free service we offer enables you to see the true cost of a number of products side-by-side. This helps you make a well-informed decision as to which mortgage option really is the best one for you.
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