New Tesco remortgage range - but how long will rates stay this low?

Tesco Bank has overhauled the rates on its fixed term remortgage range. However, in light of last week’s rise in the base rate, these remortgage offers may not remain available for long. It is therefore imperative that you act as quickly as possible to secure the best value deal while you can.

Deal Direct are ideally placed to help you with your search from thousands of remortgage offers from all over the UK.  

The details of Tesco Bank’s range are:

• 3 year fixes start from 1.43% for up to 60% LTV (plus fee)
• 3 year fix 1.92% for up to 75% LTV, 2.09% for up to 85% LTV and 2.69% for up to 90% LTV (no fee)
• 5 year fixes start from 1.99% for up to 75% LTV (no fee) and 1.94% for up to 80% LTV (plus fee)

As the rise in the base rate had been widely anticipated, some lenders had already begun the process of reviewing their ranges. Some remortgage rates have already been increased by lenders, whereas others have shaved off percentage points.

As the economic uncertainty is set to continue for the foreseeable future, it is likely that interest rates will be impacted further. Therefore, remortgaging now rather than waiting to see what happens could mean you profit from a money-saving opportunity.

To find the best-priced remortgage proposition for you, and to secure your monthly repayments for 3, 5 or even 10 years, contact Deal Direct.

Call us now on 0800 048 8828.