Tesco Bank launches a 2 year fixed rate mortgage range.
Tesco has announced the launch of a 2 year fix for 90% LTV at 2.29%. This deal is available to both first time buyers and home-movers and is said to be the lowest 2 year 10% deposit deal on the market.
In addition other 2 year fixes have been launched by the lending including an 85% LTV deal at 1.89% and an 80% LTV deal at 1.69%.
The lender allows overpayments of up 20% of the outstanding balance each year during the agreed fixed rate period, which are not subject to an early repayment charge.
While these mortgages may have very low rates there is a high fee set at £1,300. Such a high fee affects the overall affordability of a mortgage and so the rate might not work out to be as competitive as it first appears.
If you would like to compare this low rate offer with other deals in the wider market call an adviser at Deal Direct on 0800 048 8828.
Who are Deal Direct? We are an independent 'whole of market' broker with access to the most competitive deals market-wide. We can find you a mortgage tailor-made to suit your financial needs.
For advice and a low rate quote call us on 0800 048 8828.
