Tesco Bank

• Home loans up to £1,000,000
• Low-interest starting from 4.0%
• Repayment up to 30 years

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Get a 95% loan to value of your home loan from Tesco Bank

Your Tesco Bank home loan merchant accomplishes more than to simply discover the right lender and home loan for you.

They're your gifted moderator, master guide, and trusted comrade, close to you consistently. Securing a home loan today is often more troublesome than it was five or 10 years ago. Thus, as a borrower, there's never been a more suitable time to have a Tesco Bank home loan specialist in your corner. You can enjoy a range of benefits by getting a  Tesco Bank home loan.

Getting a home loan from Tesco

Tesco Bank has one of the most competitive home loan rates in the market and offers both fixed and variable interest rate home loans. They have a 95% loan to the value of your home loan available that allows first-time buyers to get a home loan with only a 5% deposit. They provide home loans in the UK to both new and existing customers whether you're buying your first home, remortgage, or moving house.

Tesco Bank has an affordable home loan product to suit your needs and budget. They provide home loans of up to £1 million with a maximum loan term of 40 years. When you're choosing to see if a settled home loan is a good fit for you, the most vital point to consider is to what extent you need to be bound into an altered rate. Altered rates are accessible for somewhere around one and ten years yet the most usual term is three years.

Tesco Bank home loan options

• Fixed-rate home loans for 2, 3, and 5year periods with a comparison APR of between 3.6% and 4.0%, product fee of £800 to £1300 depending on loan to value ratio chosen.
• Tracker mortgages for 2 years with a comparison APR of between 3.8% and 4.0%, product fee of £800 and £300 depending on loan to value ratio selected, and a booking fee of £195.
• Fee saver range of fixed-rate mortgages with a fixed rate for a period of 2, 3, and 5 years with 0 product fees and a booking fee of £195.
• Fee saver tracker home loan for 2 years with 0 product fees and booking fee of £195.

Requirements to apply for a home loan

• 18 years or older.
• Have an annual income exceeding £20,000.
• Be a resident of the UK.

If your home loan price range is below £300,000 you can qualify with a deposit of just 5% and for home loans of up to £500,000 a 10% deposit is required. You can then proceed to contact one of their mortgage advisors telephonically to get the ball rolling or visit their website and apply online.

Benefits of a Tesco Bank’s home loan

• Both variable and fixed-rate home loans are available.
• Market-leading rates as low as representative 3.6% APR.
• Initial interest rates as low as 1.69%.
• Fee-free products are available.
• 5% deposit home loans.
• You can overpay up to 20% annually during the initial fixed or variable rate period.
• Earn Clubcard points.
• Apply online and receive a fast decision.