Fixed Rate Mortgage – 2, 3, 5 Year Fixed Mortgages – Tesco Bank #mortgage #payment


#fixed mortgage

#

From our current account that likes to thank you as you spend, to our travel money delivered wherever it’s most convenient for you, we aim to give you banking the way you want it.

Whether it’s to help manage your spending, spreading the costs of a one-off purchase, or the serious business of buying a house, we’ve got it covered.

Our range of savings accounts can give you competitive rates and easy access, while our ISAs offer tax free saving for you and your children.

Whether you’re protecting your car, your pets, your house, your loved ones, or just want to be safe on your travels, we have a comprehensive range of insurances with options that let you tailor your cover to your lifestyle.

Calculators and comparison tables, jargon busters and top tips – our selection of tools and helpful information can help you get to grips with our products.

If you’re already banking or have insurance with us and you’ve got a question, need some help, or want to know what’s available to you, you’ve come to the right place.

Fixed rate mortgage

Making your mortgage repayments easier to manage

Our 2, 3 and 5 year fixed rate mortgages (sometimes called fixed term mortgages), give you the certainty of knowing that your repayments will stay the same for a set period of time. The rate of interest you pay is fixed for the agreed period, and so are your monthly repayments, whether interest rates go up or down.

  • We could help you make the move with our 95% loan to value (LTV) mortgages, meaning you only need a 5% deposit. There may be a non-refundable booking fee and a product fee, details of any fees payable will be found on your Mortgage Illustration
  • You could pay off your mortgage early. During the initial rate period, you can overpay by up to 20% of the outstanding balance each year with no early repayment charge
  • Get a great deal more. Earn Clubcard points on your monthly repayments and any regular or lump sum overpayments. You won’t collect points on any fees or charges paid separately from your monthly payment or on any overpayment you make to pay off your mortgage in full
  • Choose between a mortgage with a product fee or one without a product fee

Retrieve a quote

Features of a fixed rate mortgage

WHAT IS A FIXED RATE MORTGAGE?

Fixed rate mortgages explained

A fixed rate mortgage means that your interest rate stays the same for a fixed period, for example, 3 years. This can make it easier to manage your budget because your monthly repayments will stay the same.

Once your fixed rate period has ended, we will move you to our standard variable rate (SVR). If you’re an existing customer, before your initial offer period ends, we’ll get in touch with details about our current mortgage deals.

Our fixed rate mortgage range

Use our quick mortgage calculator to see what mortgage products we could offer you.

Not sure if a Tesco Bank Fixed Rate Mortgage is right for you? Take a look at our full range of mortgage options.

All of our mortgages are repayment, rather than interest-only. This means that you pay back all of the loan (sometimes called the capital), plus interest.

BENEFITS OF OUR FIXED MORTGAGE

Benefits of our fixed rate mortgage

Our range of fixed rate mortgages is flexible, so if your life changes your mortgage could too.

Budget more easily with fixed repayments

Our fixed rate mortgages help you budget more easily with the certainty of knowing your monthly repayments will stay the same for an agreed period, even if interest rates go up or down.

Pay off your mortgage early for more years of mortgage-free living

During the initial period (2, 3 or 5 years) you can overpay by up to 20% of the outstanding balance each year and there’s no early repayment charge.

Take your mortgage with you when you move home

Just give us a call about moving your mortgage and we’ll walk you through what you need to know. Just a reminder, you may need to pay a property valuation fee, as well as other fees and charges.

It will all be outlined in your Mortgage Illustration: a document that tells you how much your mortgage will cost, as well as some other important information about the key features of your mortgage.

Have a break with a payment holiday

If you’ve made 6 monthly payments in a row, you can apply to take a payment holiday for 1 month. You can take 2 payment holidays every 12 months, up to a total of 6 payment holidays over the lifetime of your mortgage. But remember, you’ll still be charged interest during a payment holiday, so your monthly payments may go up.

You could increase your borrowing

If you’ve made 6 monthly payments, one after the other, you can apply to borrow more. The minimum amount you can borrow is £5,000 and the rate of interest you’ll pay is our standard variable rate (SVR).

We’re upfront and keep things simple. You’ll find full details of the changes you can make to your mortgage, and our charges, in your personalised Mortgage Illustration.

Just a reminder, you may need to pay a property valuation fee, as well as other fees and charges.

Our fees and charges

Clubcard rewards

We’ll automatically give you 1 point for every £4 you pay on your monthly mortgage payments – including overpayments. It’s easy to keep track of your points too as they’ll show up on your Clubcard account within 6 weeks of each payment you make. You must be registered to Clubcard in order to benefit from Clubcard points.

You won’t collect points on any fees or charges paid separately from your monthly payment or on any overpayment you make to pay off your mortgage in full.

Find out more about Clubcard

FIRST TIME BUYERS AND MOVING HOME

First time buyers and moving home

We know that getting your mortgage sorted is important. That’s why we have a dedicated mortgage team. They provide an excellent service and are here to help you through the home buying process, whether you’re just starting out or are looking to move to a new home.

Our UK-based Mortgage Team is available from 8am to 9pm on weekdays, and 9am to 4pm on Saturdays. Call: 0345 217 2050.

We provide a full advice service by phone, or you can apply online.

Our fees and charges

REMORTGAGE

Secure a better remortgage rate

Everyone has their own reasons for wanting to remortgage. Your current deal could be about to end, you might be looking for a better rate or be worried that interest rates might go up. Maybe your situation has changed and you want a different type of mortgage or perhaps you want to increase your mortgage to make home improvements.

We offer competitive rates on remortgage deals, so there’s nothing stopping you from getting a quote and seeing how much you can borrow. If you’re coming to the end of your deal we can arrange for your home to be revalued and pay for your first standard valuation fee.

You could save by switching

When you remortgage with us, we’ll pay your first standard valuation fee and we’ll also cover your standard legal fees.

Our fees and charges

COMING TO THE END OF YOUR MORTGAGE?

Renew your existing mortgage

If you’re an existing customer, before your initial offer period ends, we’ll get in touch with details about our current mortgage deals. We’ll work it out based on how much you still owe on your mortgage, our current valuation of your home, and the number of years left on your existing mortgage. And because you’re already a customer, we’ve done all the checks we need to, meaning switching to a new deal should be quick and easy.

Contact us – we’re here to help

Need a few questions answered? Want to chat rather than scroll? Our UK-based teams are here to talk to you six days a week. Lines are open Monday to Friday 8am-9pm and Saturday 9am-4pm.

Call 0345 217 2050* to chat about new policies.

* These numbers may be included as part of any inclusive call minutes provided by your phone operator.

What other people have been asking

About us

Our partners

Security and legal

Copyright © 2016 Tesco Personal Finance plc


Remortgage Deals – Remortgaging with Tesco Bank #30 #year #mortgage #rates


#remortgage

#

From our current account that likes to thank you as you spend, to our travel money delivered wherever it’s most convenient for you, we aim to give you banking the way you want it.

Whether it’s to help manage your spending, spreading the costs of a one-off purchase, or the serious business of buying a house, we’ve got it covered.

Our range of savings accounts can give you competitive rates and easy access, while our ISAs offer tax free saving for you and your children.

Whether you’re protecting your car, your pets, your house, your loved ones, or just want to be safe on your travels, we have a comprehensive range of insurances with options that let you tailor your cover to your lifestyle.

Calculators and comparison tables, jargon busters and top tips – our selection of tools and helpful information can help you get to grips with our products.

If you’re already banking or have insurance with us and you’ve got a question, need some help, or want to know what’s available to you, you’ve come to the right place.

Remortgage

How much could you save by switching your mortgage?

Your mortgage is probably your biggest financial commitment, so it’s worth exploring a remortgage deal from Tesco Bank. We know our rates are competitive so what’s the harm in taking a look? Our quick mortgage calculator works out what remortgage deals we could offer you and, if you want to borrow more, it can show you what your new monthly repayments would be.

Be mortgage-free sooner

You could pay off your mortgage early. During the initial rate period, you can overpay by up to 20% of the outstanding balance each year with no early repayment charge.

Are you on the right mortgage?

If you’ve had a mortgage for a while or your situation has changed, it’s worth thinking about whether a different type of mortgage might suit you better.

We have a range of fixed and tracker rate mortgages that offer competitive rates of interest. For example, if you’re thinking about trying to pay off your mortgage early, you could save on your monthly repayments with a tracker mortgage when the Bank of England base rate is low. If the rate goes up, you might be better off with a fixed rate where you know what your payments will be during the initial fixed rate period.

Before you apply, use our income and expenditure guide to help you understand your financial situation.

If you’re self-employed, your accountant can use this certificate to record your income.

Before you start your application, make sure that you have all the documentation you’ll need.

One final thing. If your buildings and contents insurance is up for renewal it’s worth taking a look at our Home Insurance. We might be able to save you some money on your premiums.

Tesco Bank Home Insurance is arranged and administered by Tesco Bank and is underwritten by a select range of insurers.

Cut the cost of borrowing more

Switch and save

The cost of switching your mortgage can vary depending on the type of mortgage you choose, how much you need to borrow, and the value of your current home. If you’re new to Tesco Bank mortgages we’ll ease some of the financial strain by paying your standard legal fees and your first standard valuation fee.

Remortgage to renovate your home

Perhaps you’re thinking about making some changes to improve your living space or increase the value of your home. It might be a dream kitchen, a loft extension, or a perfectly landscaped garden. Renovating your home could change your life – and your lifestyle. The good news is remortgaging can be one of the most cost-effective ways to borrow.

To get a clearer picture, use our mortgage calculator.

Contact us – we’re here to help

Need a few questions answered? Want to chat rather than scroll? Our UK-based teams are here to talk to you six days a week. Lines are open Monday to Friday 8am-9pm and Saturday 9am-4pm.

Call 0345 217 2050* to chat about new policies.

* These numbers may be included as part of any inclusive call minutes provided by your phone operator.

What other people have been asking

About us

Our partners

Security and legal

Copyright © 2016 Tesco Personal Finance plc


Fixed Rate Mortgage – 2, 3, 5 Year Fixed Mortgages – Tesco Bank #apply #for


#fixed mortgage

#

From our current account that likes to thank you as you spend, to our travel money delivered wherever it’s most convenient for you, we aim to give you banking the way you want it.

Whether it’s to help manage your spending, spreading the costs of a one-off purchase, or the serious business of buying a house, we’ve got it covered.

Our range of savings accounts can give you competitive rates and easy access, while our ISAs offer tax free saving for you and your children.

Whether you’re protecting your car, your pets, your house, your loved ones, or just want to be safe on your travels, we have a comprehensive range of insurances with options that let you tailor your cover to your lifestyle.

Calculators and comparison tables, jargon busters and top tips – our selection of tools and helpful information can help you get to grips with our products.

If you’re already banking or have insurance with us and you’ve got a question, need some help, or want to know what’s available to you, you’ve come to the right place.

Fixed rate mortgage

Making your mortgage repayments easier to manage

Our 2, 3 and 5 year fixed rate mortgages (sometimes called fixed term mortgages), give you the certainty of knowing that your repayments will stay the same for a set period of time. The rate of interest you pay is fixed for the agreed period, and so are your monthly repayments, whether interest rates go up or down.

  • We could help you make the move with our 95% loan to value (LTV) mortgages, meaning you only need a 5% deposit. There may be a non-refundable booking fee and a product fee, details of any fees payable will be found on your Mortgage Illustration
  • You could pay off your mortgage early. During the initial rate period, you can overpay by up to 20% of the outstanding balance each year with no early repayment charge
  • Get a great deal more. Earn Clubcard points on your monthly repayments and any regular or lump sum overpayments. You won’t collect points on any fees or charges paid separately from your monthly payment or on any overpayment you make to pay off your mortgage in full
  • Choose between a mortgage with a product fee or one without a product fee

Retrieve a quote

Features of a fixed rate mortgage

WHAT IS A FIXED RATE MORTGAGE?

Fixed rate mortgages explained

A fixed rate mortgage means that your interest rate stays the same for a fixed period, for example, 3 years. This can make it easier to manage your budget because your monthly repayments will stay the same.

Once your fixed rate period has ended, we will move you to our standard variable rate (SVR). If you’re an existing customer, before your initial offer period ends, we’ll get in touch with details about our current mortgage deals.

Our fixed rate mortgage range

Use our quick mortgage calculator to see what mortgage products we could offer you.

Not sure if a Tesco Bank Fixed Rate Mortgage is right for you? Take a look at our full range of mortgage options.

All of our mortgages are repayment, rather than interest-only. This means that you pay back all of the loan (sometimes called the capital), plus interest.

BENEFITS OF OUR FIXED MORTGAGE

Benefits of our fixed rate mortgage

Our range of fixed rate mortgages is flexible, so if your life changes your mortgage could too.

Budget more easily with fixed repayments

Our fixed rate mortgages help you budget more easily with the certainty of knowing your monthly repayments will stay the same for an agreed period, even if interest rates go up or down.

Pay off your mortgage early for more years of mortgage-free living

During the initial period (2, 3 or 5 years) you can overpay by up to 20% of the outstanding balance each year and there’s no early repayment charge.

Take your mortgage with you when you move home

Just give us a call about moving your mortgage and we’ll walk you through what you need to know. Just a reminder, you may need to pay a property valuation fee, as well as other fees and charges.

It will all be outlined in your Mortgage Illustration: a document that tells you how much your mortgage will cost, as well as some other important information about the key features of your mortgage.

Have a break with a payment holiday

If you’ve made 6 monthly payments in a row, you can apply to take a payment holiday for 1 month. You can take 2 payment holidays every 12 months, up to a total of 6 payment holidays over the lifetime of your mortgage. But remember, you’ll still be charged interest during a payment holiday, so your monthly payments may go up.

You could increase your borrowing

If you’ve made 6 monthly payments, one after the other, you can apply to borrow more. The minimum amount you can borrow is £5,000 and the rate of interest you’ll pay is our standard variable rate (SVR).

We’re upfront and keep things simple. You’ll find full details of the changes you can make to your mortgage, and our charges, in your personalised Mortgage Illustration.

Just a reminder, you may need to pay a property valuation fee, as well as other fees and charges.

Our fees and charges

Clubcard rewards

We’ll automatically give you 1 point for every £4 you pay on your monthly mortgage payments – including overpayments. It’s easy to keep track of your points too as they’ll show up on your Clubcard account within 6 weeks of each payment you make. You must be registered to Clubcard in order to benefit from Clubcard points.

You won’t collect points on any fees or charges paid separately from your monthly payment or on any overpayment you make to pay off your mortgage in full.

Find out more about Clubcard

FIRST TIME BUYERS AND MOVING HOME

First time buyers and moving home

We know that getting your mortgage sorted is important. That’s why we have a dedicated mortgage team. They provide an excellent service and are here to help you through the home buying process, whether you’re just starting out or are looking to move to a new home.

Our UK-based Mortgage Team is available from 8am to 9pm on weekdays, and 9am to 4pm on Saturdays. Call: 0345 217 2050.

We provide a full advice service by phone, or you can apply online.

Our fees and charges

REMORTGAGE

Secure a better remortgage rate

Everyone has their own reasons for wanting to remortgage. Your current deal could be about to end, you might be looking for a better rate or be worried that interest rates might go up. Maybe your situation has changed and you want a different type of mortgage or perhaps you want to increase your mortgage to make home improvements.

We offer competitive rates on remortgage deals, so there’s nothing stopping you from getting a quote and seeing how much you can borrow. If you’re coming to the end of your deal we can arrange for your home to be revalued and pay for your first standard valuation fee.

You could save by switching

When you remortgage with us, we’ll pay your first standard valuation fee and we’ll also cover your standard legal fees.

Our fees and charges

COMING TO THE END OF YOUR MORTGAGE?

Renew your existing mortgage

If you’re an existing customer, before your initial offer period ends, we’ll get in touch with details about our current mortgage deals. We’ll work it out based on how much you still owe on your mortgage, our current valuation of your home, and the number of years left on your existing mortgage. And because you’re already a customer, we’ve done all the checks we need to, meaning switching to a new deal should be quick and easy.

Contact us – we’re here to help

Need a few questions answered? Want to chat rather than scroll? Our UK-based teams are here to talk to you six days a week. Lines are open Monday to Friday 8am-9pm and Saturday 9am-4pm.

Call 0345 217 2050* to chat about new policies.

* These numbers may be included as part of any inclusive call minutes provided by your phone operator.

What other people have been asking

About us

Our partners

Security and legal

Copyright © 2016 Tesco Personal Finance plc


Fixed Rate Mortgage – 2, 3, 5 Year Fixed Mortgages – Tesco Bank #home #loan


#fixed mortgage

#

From our current account that likes to thank you as you spend, to our travel money delivered wherever it’s most convenient for you, we aim to give you banking the way you want it.

Whether it’s to help manage your spending, spreading the costs of a one-off purchase, or the serious business of buying a house, we’ve got it covered.

Our range of savings accounts can give you competitive rates and easy access, while our ISAs offer tax free saving for you and your children.

Whether you’re protecting your car, your pets, your house, your loved ones, or just want to be safe on your travels, we have a comprehensive range of insurances with options that let you tailor your cover to your lifestyle.

Calculators and comparison tables, jargon busters and top tips – our selection of tools and helpful information can help you get to grips with our products.

If you’re already banking or have insurance with us and you’ve got a question, need some help, or want to know what’s available to you, you’ve come to the right place.

Fixed rate mortgage

Making your mortgage repayments easier to manage

Our 2, 3 and 5 year fixed rate mortgages (sometimes called fixed term mortgages), give you the certainty of knowing that your repayments will stay the same for a set period of time. The rate of interest you pay is fixed for the agreed period, and so are your monthly repayments, whether interest rates go up or down.

  • We could help you make the move with our 95% loan to value (LTV) mortgages, meaning you only need a 5% deposit. There may be a non-refundable booking fee and a product fee, details of any fees payable will be found on your Mortgage Illustration
  • You could pay off your mortgage early. During the initial rate period, you can overpay by up to 20% of the outstanding balance each year with no early repayment charge
  • Get a great deal more. Earn Clubcard points on your monthly repayments and any regular or lump sum overpayments. You won’t collect points on any fees or charges paid separately from your monthly payment or on any overpayment you make to pay off your mortgage in full
  • Choose between a mortgage with a product fee or one without a product fee

Retrieve a quote

Features of a fixed rate mortgage

WHAT IS A FIXED RATE MORTGAGE?

Fixed rate mortgages explained

A fixed rate mortgage means that your interest rate stays the same for a fixed period, for example, 3 years. This can make it easier to manage your budget because your monthly repayments will stay the same.

Once your fixed rate period has ended, we will move you to our standard variable rate (SVR). If you’re an existing customer, before your initial offer period ends, we’ll get in touch with details about our current mortgage deals.

Our fixed rate mortgage range

Use our quick mortgage calculator to see what mortgage products we could offer you.

Not sure if a Tesco Bank Fixed Rate Mortgage is right for you? Take a look at our full range of mortgage options.

All of our mortgages are repayment, rather than interest-only. This means that you pay back all of the loan (sometimes called the capital), plus interest.

BENEFITS OF OUR FIXED MORTGAGE

Benefits of our fixed rate mortgage

Our range of fixed rate mortgages is flexible, so if your life changes your mortgage could too.

Budget more easily with fixed repayments

Our fixed rate mortgages help you budget more easily with the certainty of knowing your monthly repayments will stay the same for an agreed period, even if interest rates go up or down.

Pay off your mortgage early for more years of mortgage-free living

During the initial period (2, 3 or 5 years) you can overpay by up to 20% of the outstanding balance each year and there’s no early repayment charge.

Take your mortgage with you when you move home

Just give us a call about moving your mortgage and we’ll walk you through what you need to know. Just a reminder, you may need to pay a property valuation fee, as well as other fees and charges.

It will all be outlined in your Mortgage Illustration: a document that tells you how much your mortgage will cost, as well as some other important information about the key features of your mortgage.

Have a break with a payment holiday

If you’ve made 6 monthly payments in a row, you can apply to take a payment holiday for 1 month. You can take 2 payment holidays every 12 months, up to a total of 6 payment holidays over the lifetime of your mortgage. But remember, you’ll still be charged interest during a payment holiday, so your monthly payments may go up.

You could increase your borrowing

If you’ve made 6 monthly payments, one after the other, you can apply to borrow more. The minimum amount you can borrow is £5,000 and the rate of interest you’ll pay is our standard variable rate (SVR).

We’re upfront and keep things simple. You’ll find full details of the changes you can make to your mortgage, and our charges, in your personalised Mortgage Illustration.

Just a reminder, you may need to pay a property valuation fee, as well as other fees and charges.

Our fees and charges

Clubcard rewards

We’ll automatically give you 1 point for every £4 you pay on your monthly mortgage payments – including overpayments. It’s easy to keep track of your points too as they’ll show up on your Clubcard account within 6 weeks of each payment you make. You must be registered to Clubcard in order to benefit from Clubcard points.

You won’t collect points on any fees or charges paid separately from your monthly payment or on any overpayment you make to pay off your mortgage in full.

Find out more about Clubcard

FIRST TIME BUYERS AND MOVING HOME

First time buyers and moving home

We know that getting your mortgage sorted is important. That’s why we have a dedicated mortgage team. They provide an excellent service and are here to help you through the home buying process, whether you’re just starting out or are looking to move to a new home.

Our UK-based Mortgage Team is available from 8am to 9pm on weekdays, and 9am to 4pm on Saturdays. Call: 0345 217 2050.

We provide a full advice service by phone, or you can apply online.

Our fees and charges

REMORTGAGE

Secure a better remortgage rate

Everyone has their own reasons for wanting to remortgage. Your current deal could be about to end, you might be looking for a better rate or be worried that interest rates might go up. Maybe your situation has changed and you want a different type of mortgage or perhaps you want to increase your mortgage to make home improvements.

We offer competitive rates on remortgage deals, so there’s nothing stopping you from getting a quote and seeing how much you can borrow. If you’re coming to the end of your deal we can arrange for your home to be revalued and pay for your first standard valuation fee.

You could save by switching

When you remortgage with us, we’ll pay your first standard valuation fee and we’ll also cover your standard legal fees.

Our fees and charges

COMING TO THE END OF YOUR MORTGAGE?

Renew your existing mortgage

If you’re an existing customer, before your initial offer period ends, we’ll get in touch with details about our current mortgage deals. We’ll work it out based on how much you still owe on your mortgage, our current valuation of your home, and the number of years left on your existing mortgage. And because you’re already a customer, we’ve done all the checks we need to, meaning switching to a new deal should be quick and easy.

Contact us – we’re here to help

Need a few questions answered? Want to chat rather than scroll? Our UK-based teams are here to talk to you six days a week. Lines are open Monday to Friday 8am-9pm and Saturday 9am-4pm.

Call 0345 217 2050* to chat about new policies.

* These numbers may be included as part of any inclusive call minutes provided by your phone operator.

What other people have been asking

About us

Our partners

Security and legal

Copyright © 2016 Tesco Personal Finance plc


Remortgage Deals – Remortgaging with Tesco Bank #amortization #table #for #mortgage


#remortgage

#

From our current account that likes to thank you as you spend, to our travel money delivered wherever it’s most convenient for you, we aim to give you banking the way you want it.

Whether it’s to help manage your spending, spreading the costs of a one-off purchase, or the serious business of buying a house, we’ve got it covered.

Our range of savings accounts can give you competitive rates and easy access, while our ISAs offer tax free saving for you and your children.

Whether you’re protecting your car, your pets, your house, your loved ones, or just want to be safe on your travels, we have a comprehensive range of insurances with options that let you tailor your cover to your lifestyle.

Calculators and comparison tables, jargon busters and top tips – our selection of tools and helpful information can help you get to grips with our products.

If you’re already banking or have insurance with us and you’ve got a question, need some help, or want to know what’s available to you, you’ve come to the right place.

Remortgage

How much could you save by switching your mortgage?

Your mortgage is probably your biggest financial commitment, so it’s worth exploring a remortgage deal from Tesco Bank. We know our rates are competitive so what’s the harm in taking a look? Our quick mortgage calculator works out what remortgage deals we could offer you and, if you want to borrow more, it can show you what your new monthly repayments would be.

Be mortgage-free sooner

You could pay off your mortgage early. During the initial rate period, you can overpay by up to 20% of the outstanding balance each year with no early repayment charge.

Are you on the right mortgage?

If you’ve had a mortgage for a while or your situation has changed, it’s worth thinking about whether a different type of mortgage might suit you better.

We have a range of fixed and tracker rate mortgages that offer competitive rates of interest. For example, if you’re thinking about trying to pay off your mortgage early, you could save on your monthly repayments with a tracker mortgage when the Bank of England base rate is low. If the rate goes up, you might be better off with a fixed rate where you know what your payments will be during the initial fixed rate period.

Before you apply, use our income and expenditure guide to help you understand your financial situation.

If you’re self-employed, your accountant can use this certificate to record your income.

Before you start your application, make sure that you have all the documentation you’ll need.

One final thing. If your buildings and contents insurance is up for renewal it’s worth taking a look at our Home Insurance. We might be able to save you some money on your premiums.

Tesco Bank Home Insurance is arranged and administered by Tesco Bank and is underwritten by a select range of insurers.

Cut the cost of borrowing more

Switch and save

The cost of switching your mortgage can vary depending on the type of mortgage you choose, how much you need to borrow, and the value of your current home. If you’re new to Tesco Bank mortgages we’ll ease some of the financial strain by paying your standard legal fees and your first standard valuation fee.

Remortgage to renovate your home

Perhaps you’re thinking about making some changes to improve your living space or increase the value of your home. It might be a dream kitchen, a loft extension, or a perfectly landscaped garden. Renovating your home could change your life – and your lifestyle. The good news is remortgaging can be one of the most cost-effective ways to borrow.

To get a clearer picture, use our mortgage calculator.

Contact us – we’re here to help

Need a few questions answered? Want to chat rather than scroll? Our UK-based teams are here to talk to you six days a week. Lines are open Monday to Friday 8am-9pm and Saturday 9am-4pm.

Call 0345 217 2050* to chat about new policies.

* These numbers may be included as part of any inclusive call minutes provided by your phone operator.

What other people have been asking

About us

Our partners

Security and legal

Copyright © 2016 Tesco Personal Finance plc


Tracker Mortgage – Our Best Mortgage Deals – Tesco Bank #mortgage #protection


#mortgage rate tracker

#

From our current account that likes to thank you as you spend, to our travel money delivered wherever it’s most convenient for you, we aim to give you banking the way you want it.

Whether it’s to help manage your spending, spreading the costs of a one-off purchase, or the serious business of buying a house, we’ve got it covered.

Our range of savings accounts can give you competitive rates and easy access, while our ISAs offer tax free saving for you and your children.

Whether you’re protecting your car, your pets, your house, your loved ones, or just want to be safe on your travels, we have a comprehensive range of insurances with options that let you tailor your cover to your lifestyle.

Calculators and comparison tables, jargon busters and top tips – our selection of tools and helpful information can help you get to grips with our products.

If you’re already banking or have insurance with us and you’ve got a question, need some help, or want to know what’s available to you, you’ve come to the right place.

Tracker mortgage

Take advantage of lower interest rates

Our 2 year tracker rate mortgage follows the Bank of England base rate. So the interest rate you pay can go up or down.

  • Your payments will be lower when the Bank of England base rate is low but higher if the interest rate rises
  • Our tracker rate mortgages let you switch to one of our fixed rate mortgages if you need to during the initial rate period, without paying early repayment charges (other fees may apply)
  • We could help you make the move with our 90% loan to value (LTV) mortgages, meaning you only need a 10% deposit. There may be a non-refundable booking fee and a product fee, details of any fees payable will be found on your Mortgage Illustration
  • You could pay off your mortgage sooner. During the initial rate period, you can overpay by up to 20% of the outstanding balance each year with no early repayment charge
  • Get a great deal more. Earn Clubcard points on your monthly repayments and any regular or lump sum overpayments
  • Choose between a mortgage with a product fee or one without a product fee

Retrieve a quote

Features of a tracker mortgage

WHAT IS A TRACKER RATE MORTGAGE?

Tracker rate mortgages explained

A tracker mortgage is a variable rate mortgage that tracks the Bank of England base rate. On the upside, when the rate’s low, you benefit from lower mortgage repayments. But on the other hand your monthly payments will increase if the rate goes up.

Once your tracker rate period has ended, we will move you to our standard variable rate (SVR). If you’re an existing customer, before your initial offer period ends, we’ll get in touch with details about our current mortgage deals.

Our tracker rate mortgage range

Use our quick mortgage calculator to see what mortgage rates we could offer you.

Not sure if a Tesco Bank Tracker Rate Mortgage is right for you? Take a look at our full range of mortgage options.

All of our mortgages are repayment, rather than interest-only. This means that you pay back the value of the loan (sometimes called capital), plus interest.

BENEFITS OF OUR TRACKER MORTGAGE

Our tracker rate mortgages offer great flexibility, so if your life changes your mortgage could too.

Have the flexibility to keep your options open

If the interest rates rise and our tracker rate mortgage no longer works for you, you can switch to a fixed rate mortgage at any time during your term, without paying an early repayment charge. If you apply to move to one of our fixed rate mortgages you may have to pay a product fee.

Make overpayments to pay off your mortgage faster

During the initial period (2 years) you can overpay by up to 20% of the outstanding balance each year with no early repayment charge.

When moving home, your mortgage can go with you

Just give us a call about moving your mortgage and we’ll walk you through what you need to know. Just a reminder, you may need to pay a property valuation fee, as well as other fees and charges.

Take a break with a payment holiday

If you’ve made 6 monthly payments in a row, you can apply to take a payment holiday for 1 month. You can take 2 payment holidays every 12 months, up to a total of 6 payment holidays over the lifetime of your mortgage. But remember, you’ll still be charged interest during a payment holiday, so your monthly payments may go up.

You could borrow more

If you’ve made 6 monthly payments, one after the other, you can apply to borrow more. The minimum amount you can borrow is £5,000 and the rate of interest you’ll pay is our standard variable rate (SVR).

Please remember that if you borrow more, you’ll have to pay back more, and fees and charges may also apply.

Clubcard rewards

You don’t need to lift a finger to get Clubcard points. We’ll automatically give you 1 point for every £4 you pay on your monthly mortgage payments – including overpayments. It’s easy to keep track of your points too as they’ll show up on your Clubcard account within 6 weeks of each payment you make.

You won’t collect points on any fees or charges paid separately from your monthly payment or on any overpayment you make to pay off your mortgage in full.

Find out more about Clubcard

FIRST TIME BUYERS AND MOVING HOME

We know that getting your mortgage sorted is important. That’s why we have a dedicated mortgage team. They provide an excellent service and are here to help you through the home buying process, whether you’re just starting out or are looking to move to a new home.

Our UK-based Mortgage Team is available from 8am to 9pm on weekdays, and 9am to 4pm on Saturdays. Call: 0345 217 2050.

We provide a full advice service by phone, or you can apply online.

Our fees and charges

REMORTGAGES

Secure a better remortgage rate

Everyone has their own reasons for wanting to remortgage. Your current deal could be about to end, you might be looking for a better rate or be worried that interest rates might go up. Maybe your situation has changed and you want a different type of mortgage or perhaps you want to increase your mortgage to make home improvements.

We offer competitive rates on remortgage deals, so there’s nothing to stop you getting a quote and seeing how much you can borrow. If you’re coming to the end of your deal we can arrange for your home to be revalued and pay for your first standard valuation fee.

You could save by switching

When you remortgage with us, we’ll also pick up the tab for your standard legal fees. Let us know the costs and our approved solicitors, Countrywide Property Lawyers, will take care of it all.

You’ll still have to budget for any additional surveys, legal work and other non-standard costs.

Our fees and charges

COMING TO THE END OF YOUR CURRENT MORTGAGE DEAL

Renew your existing mortgage

If you’re an existing customer, before your initial offer period ends, we’ll get in touch with details about our current mortgage deals. We’ll work it out based on how much you still owe on your mortgage, our current valuation of your home, and the number of years left on your existing mortgage. And because you’re already a customer, we’ve done all the checks we need to, meaning switching to a new deal should be quick and easy.

What Mortgage readers have voted us Best Direct Lender 2016, the third year in a row. We’ve got another triple, Moneynet’s Best Direct Mortgage Provider 2014, 2015 and 2016. And most recently we’ve been awarded Moneyfacts Best First Time Buyer Mortgage Provider 2016.

Our awards highlight our online product offering – including our 2 year tracker rate mortgages – and the ability to apply online.

Your home may be repossessed, as a last resort, if you do not keep up repayments on your mortgage.

Contact us – we’re here to help

Need a few questions answered? Want to chat rather than scroll? Our UK-based teams are here to talk to you six days a week. Lines are open Monday to Friday 8am-9pm and Saturday 9am-4pm.

Call 0345 217 2050* to chat about new policies.

* These numbers may be included as part of any inclusive call minutes provided by your phone operator.

What other people have been asking

About us

Our partners

Security and legal

Sitemap

Bank

Borrow

Save

Insure

Tools guides

Help

Copyright © 2016 Tesco Personal Finance plc


Tracker Mortgage – Our Best Mortgage Deals – Tesco Bank #arm #mortgage


#mortgage rate tracker

#

From our current account that likes to thank you as you spend, to our travel money delivered wherever it’s most convenient for you, we aim to give you banking the way you want it.

Whether it’s to help manage your spending, spreading the costs of a one-off purchase, or the serious business of buying a house, we’ve got it covered.

Our range of savings accounts can give you competitive rates and easy access, while our ISAs offer tax free saving for you and your children.

Whether you’re protecting your car, your pets, your house, your loved ones, or just want to be safe on your travels, we have a comprehensive range of insurances with options that let you tailor your cover to your lifestyle.

Calculators and comparison tables, jargon busters and top tips – our selection of tools and helpful information can help you get to grips with our products.

If you’re already banking or have insurance with us and you’ve got a question, need some help, or want to know what’s available to you, you’ve come to the right place.

Tracker mortgage

Take advantage of lower interest rates

Our 2 year tracker rate mortgage follows the Bank of England base rate. So the interest rate you pay can go up or down.

  • Your payments will be lower when the Bank of England base rate is low but higher if the interest rate rises
  • Our tracker rate mortgages let you switch to one of our fixed rate mortgages if you need to during the initial rate period, without paying early repayment charges (other fees may apply)
  • We could help you make the move with our 90% loan to value (LTV) mortgages, meaning you only need a 10% deposit. There may be a non-refundable booking fee and a product fee, details of any fees payable will be found on your Mortgage Illustration
  • You could pay off your mortgage sooner. During the initial rate period, you can overpay by up to 20% of the outstanding balance each year with no early repayment charge
  • Get a great deal more. Earn Clubcard points on your monthly repayments and any regular or lump sum overpayments
  • Choose between a mortgage with a product fee or one without a product fee

Retrieve a quote

Features of a tracker mortgage

WHAT IS A TRACKER RATE MORTGAGE?

Tracker rate mortgages explained

A tracker mortgage is a variable rate mortgage that tracks the Bank of England base rate. On the upside, when the rate’s low, you benefit from lower mortgage repayments. But on the other hand your monthly payments will increase if the rate goes up.

Once your tracker rate period has ended, we will move you to our standard variable rate (SVR). If you’re an existing customer, before your initial offer period ends, we’ll get in touch with details about our current mortgage deals.

Our tracker rate mortgage range

Use our quick mortgage calculator to see what mortgage rates we could offer you.

Not sure if a Tesco Bank Tracker Rate Mortgage is right for you? Take a look at our full range of mortgage options.

All of our mortgages are repayment, rather than interest-only. This means that you pay back the value of the loan (sometimes called capital), plus interest.

BENEFITS OF OUR TRACKER MORTGAGE

Our tracker rate mortgages offer great flexibility, so if your life changes your mortgage could too.

Have the flexibility to keep your options open

If the interest rates rise and our tracker rate mortgage no longer works for you, you can switch to a fixed rate mortgage at any time during your term, without paying an early repayment charge. If you apply to move to one of our fixed rate mortgages you may have to pay a product fee.

Make overpayments to pay off your mortgage faster

During the initial period (2 years) you can overpay by up to 20% of the outstanding balance each year with no early repayment charge.

When moving home, your mortgage can go with you

Just give us a call about moving your mortgage and we’ll walk you through what you need to know. Just a reminder, you may need to pay a property valuation fee, as well as other fees and charges.

Take a break with a payment holiday

If you’ve made 6 monthly payments in a row, you can apply to take a payment holiday for 1 month. You can take 2 payment holidays every 12 months, up to a total of 6 payment holidays over the lifetime of your mortgage. But remember, you’ll still be charged interest during a payment holiday, so your monthly payments may go up.

You could borrow more

If you’ve made 6 monthly payments, one after the other, you can apply to borrow more. The minimum amount you can borrow is £5,000 and the rate of interest you’ll pay is our standard variable rate (SVR).

Please remember that if you borrow more, you’ll have to pay back more, and fees and charges may also apply.

Clubcard rewards

You don’t need to lift a finger to get Clubcard points. We’ll automatically give you 1 point for every £4 you pay on your monthly mortgage payments – including overpayments. It’s easy to keep track of your points too as they’ll show up on your Clubcard account within 6 weeks of each payment you make.

You won’t collect points on any fees or charges paid separately from your monthly payment or on any overpayment you make to pay off your mortgage in full.

Find out more about Clubcard

FIRST TIME BUYERS AND MOVING HOME

We know that getting your mortgage sorted is important. That’s why we have a dedicated mortgage team. They provide an excellent service and are here to help you through the home buying process, whether you’re just starting out or are looking to move to a new home.

Our UK-based Mortgage Team is available from 8am to 9pm on weekdays, and 9am to 4pm on Saturdays. Call: 0345 217 2050.

We provide a full advice service by phone, or you can apply online.

Our fees and charges

REMORTGAGES

Secure a better remortgage rate

Everyone has their own reasons for wanting to remortgage. Your current deal could be about to end, you might be looking for a better rate or be worried that interest rates might go up. Maybe your situation has changed and you want a different type of mortgage or perhaps you want to increase your mortgage to make home improvements.

We offer competitive rates on remortgage deals, so there’s nothing to stop you getting a quote and seeing how much you can borrow. If you’re coming to the end of your deal we can arrange for your home to be revalued and pay for your first standard valuation fee.

You could save by switching

When you remortgage with us, we’ll also pick up the tab for your standard legal fees. Let us know the costs and our approved solicitors, Countrywide Property Lawyers, will take care of it all.

You’ll still have to budget for any additional surveys, legal work and other non-standard costs.

Our fees and charges

COMING TO THE END OF YOUR CURRENT MORTGAGE DEAL

Renew your existing mortgage

If you’re an existing customer, before your initial offer period ends, we’ll get in touch with details about our current mortgage deals. We’ll work it out based on how much you still owe on your mortgage, our current valuation of your home, and the number of years left on your existing mortgage. And because you’re already a customer, we’ve done all the checks we need to, meaning switching to a new deal should be quick and easy.

What Mortgage readers have voted us Best Direct Lender 2016, the third year in a row. We’ve got another triple, Moneynet’s Best Direct Mortgage Provider 2014, 2015 and 2016. And most recently we’ve been awarded Moneyfacts Best First Time Buyer Mortgage Provider 2016.

Our awards highlight our online product offering – including our 2 year tracker rate mortgages – and the ability to apply online.

Your home may be repossessed, as a last resort, if you do not keep up repayments on your mortgage.

Contact us – we’re here to help

Need a few questions answered? Want to chat rather than scroll? Our UK-based teams are here to talk to you six days a week. Lines are open Monday to Friday 8am-9pm and Saturday 9am-4pm.

Call 0345 217 2050* to chat about new policies.

* These numbers may be included as part of any inclusive call minutes provided by your phone operator.

What other people have been asking

About us

Our partners

Security and legal

Sitemap

Bank

Borrow

Save

Insure

Tools guides

Help

Copyright © 2016 Tesco Personal Finance plc


Fixed Rate Mortgage – 2, 3, 5 Year Fixed Mortgages – Tesco Bank #mortgage #lenders


#fixed mortgage

#

From our current account that likes to thank you as you spend, to our travel money delivered wherever it’s most convenient for you, we aim to give you banking the way you want it.

Whether it’s to help manage your spending, spreading the costs of a one-off purchase, or the serious business of buying a house, we’ve got it covered.

Our range of savings accounts can give you competitive rates and easy access, while our ISAs offer tax free saving for you and your children.

Whether you’re protecting your car, your pets, your house, your loved ones, or just want to be safe on your travels, we have a comprehensive range of insurances with options that let you tailor your cover to your lifestyle.

Calculators and comparison tables, jargon busters and top tips – our selection of tools and helpful information can help you get to grips with our products.

If you’re already banking or have insurance with us and you’ve got a question, need some help, or want to know what’s available to you, you’ve come to the right place.

Fixed rate mortgage

Making your mortgage repayments easier to manage

Our 2, 3 and 5 year fixed rate mortgages (sometimes called fixed term mortgages), give you the certainty of knowing that your repayments will stay the same for a set period of time. The rate of interest you pay is fixed for the agreed period, and so are your monthly repayments, whether interest rates go up or down.

  • We could help you make the move with our 95% loan to value (LTV) mortgages, meaning you only need a 5% deposit. There may be a non-refundable booking fee and a product fee, details of any fees payable will be found on your Mortgage Illustration
  • You could pay off your mortgage early. During the initial rate period, you can overpay by up to 20% of the outstanding balance each year with no early repayment charge
  • Get a great deal more. Earn Clubcard points on your monthly repayments and any regular or lump sum overpayments. You won’t collect points on any fees or charges paid separately from your monthly payment or on any overpayment you make to pay off your mortgage in full
  • Choose between a mortgage with a product fee or one without a product fee

Retrieve a quote

Features of a fixed rate mortgage

WHAT IS A FIXED RATE MORTGAGE?

Fixed rate mortgages explained

A fixed rate mortgage means that your interest rate stays the same for a fixed period, for example, 3 years. This can make it easier to manage your budget because your monthly repayments will stay the same.

Once your fixed rate period has ended, we will move you to our standard variable rate (SVR). If you’re an existing customer, before your initial offer period ends, we’ll get in touch with details about our current mortgage deals.

Our fixed rate mortgage range

Use our quick mortgage calculator to see what mortgage products we could offer you.

Not sure if a Tesco Bank Fixed Rate Mortgage is right for you? Take a look at our full range of mortgage options.

All of our mortgages are repayment, rather than interest-only. This means that you pay back all of the loan (sometimes called the capital), plus interest.

BENEFITS OF OUR FIXED MORTGAGE

Benefits of our fixed rate mortgage

Our range of fixed rate mortgages is flexible, so if your life changes your mortgage could too.

Budget more easily with fixed repayments

Our fixed rate mortgages help you budget more easily with the certainty of knowing your monthly repayments will stay the same for an agreed period, even if interest rates go up or down.

Pay off your mortgage early for more years of mortgage-free living

During the initial period (2, 3 or 5 years) you can overpay by up to 20% of the outstanding balance each year and there’s no early repayment charge.

Take your mortgage with you when you move home

Just give us a call about moving your mortgage and we’ll walk you through what you need to know. Just a reminder, you may need to pay a property valuation fee, as well as other fees and charges.

It will all be outlined in your Mortgage Illustration: a document that tells you how much your mortgage will cost, as well as some other important information about the key features of your mortgage.

Have a break with a payment holiday

If you’ve made 6 monthly payments in a row, you can apply to take a payment holiday for 1 month. You can take 2 payment holidays every 12 months, up to a total of 6 payment holidays over the lifetime of your mortgage. But remember, you’ll still be charged interest during a payment holiday, so your monthly payments may go up.

You could increase your borrowing

If you’ve made 6 monthly payments, one after the other, you can apply to borrow more. The minimum amount you can borrow is £5,000 and the rate of interest you’ll pay is our standard variable rate (SVR).

We’re upfront and keep things simple. You’ll find full details of the changes you can make to your mortgage, and our charges, in your personalised Mortgage Illustration.

Just a reminder, you may need to pay a property valuation fee, as well as other fees and charges.

Our fees and charges

Clubcard rewards

We’ll automatically give you 1 point for every £4 you pay on your monthly mortgage payments – including overpayments. It’s easy to keep track of your points too as they’ll show up on your Clubcard account within 6 weeks of each payment you make. You must be registered to Clubcard in order to benefit from Clubcard points.

You won’t collect points on any fees or charges paid separately from your monthly payment or on any overpayment you make to pay off your mortgage in full.

Find out more about Clubcard

FIRST TIME BUYERS AND MOVING HOME

First time buyers and moving home

We know that getting your mortgage sorted is important. That’s why we have a dedicated mortgage team. They provide an excellent service and are here to help you through the home buying process, whether you’re just starting out or are looking to move to a new home.

Our UK-based Mortgage Team is available from 8am to 9pm on weekdays, and 9am to 4pm on Saturdays. Call: 0345 217 2050.

We provide a full advice service by phone, or you can apply online.

Our fees and charges

REMORTGAGE

Secure a better remortgage rate

Everyone has their own reasons for wanting to remortgage. Your current deal could be about to end, you might be looking for a better rate or be worried that interest rates might go up. Maybe your situation has changed and you want a different type of mortgage or perhaps you want to increase your mortgage to make home improvements.

We offer competitive rates on remortgage deals, so there’s nothing stopping you from getting a quote and seeing how much you can borrow. If you’re coming to the end of your deal we can arrange for your home to be revalued and pay for your first standard valuation fee.

You could save by switching

When you remortgage with us, we’ll pay your first standard valuation fee and we’ll also cover your standard legal fees.

Our fees and charges

COMING TO THE END OF YOUR MORTGAGE?

Renew your existing mortgage

If you’re an existing customer, before your initial offer period ends, we’ll get in touch with details about our current mortgage deals. We’ll work it out based on how much you still owe on your mortgage, our current valuation of your home, and the number of years left on your existing mortgage. And because you’re already a customer, we’ve done all the checks we need to, meaning switching to a new deal should be quick and easy.

Contact us – we’re here to help

Need a few questions answered? Want to chat rather than scroll? Our UK-based teams are here to talk to you six days a week. Lines are open Monday to Friday 8am-9pm and Saturday 9am-4pm.

Call 0345 217 2050* to chat about new policies.

* These numbers may be included as part of any inclusive call minutes provided by your phone operator.

What other people have been asking

About us

Our partners

Security and legal

Copyright © 2016 Tesco Personal Finance plc


Remortgage Deals – Remortgaging with Tesco Bank #mortgage #interest


#remortgage

#

From our current account that likes to thank you as you spend, to our travel money delivered wherever it’s most convenient for you, we aim to give you banking the way you want it.

Whether it’s to help manage your spending, spreading the costs of a one-off purchase, or the serious business of buying a house, we’ve got it covered.

Our range of savings accounts can give you competitive rates and easy access, while our ISAs offer tax free saving for you and your children.

Whether you’re protecting your car, your pets, your house, your loved ones, or just want to be safe on your travels, we have a comprehensive range of insurances with options that let you tailor your cover to your lifestyle.

Calculators and comparison tables, jargon busters and top tips – our selection of tools and helpful information can help you get to grips with our products.

If you’re already banking or have insurance with us and you’ve got a question, need some help, or want to know what’s available to you, you’ve come to the right place.

Remortgage

How much could you save by switching your mortgage?

Your mortgage is probably your biggest financial commitment, so it’s worth exploring a remortgage deal from Tesco Bank. We know our rates are competitive so what’s the harm in taking a look? Our quick mortgage calculator works out what remortgage deals we could offer you and, if you want to borrow more, it can show you what your new monthly repayments would be.

Be mortgage-free sooner

You could pay off your mortgage early. During the initial rate period, you can overpay by up to 20% of the outstanding balance each year with no early repayment charge.

Are you on the right mortgage?

If you’ve had a mortgage for a while or your situation has changed, it’s worth thinking about whether a different type of mortgage might suit you better.

We have a range of fixed and tracker rate mortgages that offer competitive rates of interest. For example, if you’re thinking about trying to pay off your mortgage early, you could save on your monthly repayments with a tracker mortgage when the Bank of England base rate is low. If the rate goes up, you might be better off with a fixed rate where you know what your payments will be during the initial fixed rate period.

Before you apply, use our income and expenditure guide to help you understand your financial situation.

If you’re self-employed, your accountant can use this certificate to record your income.

Before you start your application, make sure that you have all the documentation you’ll need.

One final thing. If your buildings and contents insurance is up for renewal it’s worth taking a look at our Home Insurance. We might be able to save you some money on your premiums.

Tesco Bank Home Insurance is arranged and administered by Tesco Bank and is underwritten by a select range of insurers.

Cut the cost of borrowing more

Switch and save

The cost of switching your mortgage can vary depending on the type of mortgage you choose, how much you need to borrow, and the value of your current home. If you’re new to Tesco Bank mortgages we’ll ease some of the financial strain by paying your standard legal fees and your first standard valuation fee.

Remortgage to renovate your home

Perhaps you’re thinking about making some changes to improve your living space or increase the value of your home. It might be a dream kitchen, a loft extension, or a perfectly landscaped garden. Renovating your home could change your life – and your lifestyle. The good news is remortgaging can be one of the most cost-effective ways to borrow.

To get a clearer picture, use our mortgage calculator.

Contact us – we’re here to help

Need a few questions answered? Want to chat rather than scroll? Our UK-based teams are here to talk to you six days a week. Lines are open Monday to Friday 8am-9pm and Saturday 9am-4pm.

Call 0345 217 2050* to chat about new policies.

* These numbers may be included as part of any inclusive call minutes provided by your phone operator.

What other people have been asking

About us

Our partners

Security and legal

Copyright © 2016 Tesco Personal Finance plc


Fixed Rate Mortgage – 2, 3, 5 Year Fixed Mortgages – Tesco Bank #second #mortgage


#fixed mortgage

#

From our current account that likes to thank you as you spend, to our travel money delivered wherever it’s most convenient for you, we aim to give you banking the way you want it.

Whether it’s to help manage your spending, spreading the costs of a one-off purchase, or the serious business of buying a house, we’ve got it covered.

Our range of savings accounts can give you competitive rates and easy access, while our ISAs offer tax free saving for you and your children.

Whether you’re protecting your car, your pets, your house, your loved ones, or just want to be safe on your travels, we have a comprehensive range of insurances with options that let you tailor your cover to your lifestyle.

Calculators and comparison tables, jargon busters and top tips – our selection of tools and helpful information can help you get to grips with our products.

If you’re already banking or have insurance with us and you’ve got a question, need some help, or want to know what’s available to you, you’ve come to the right place.

Fixed rate mortgage

Making your mortgage repayments easier to manage

Our 2, 3 and 5 year fixed rate mortgages (sometimes called fixed term mortgages), give you the certainty of knowing that your repayments will stay the same for a set period of time. The rate of interest you pay is fixed for the agreed period, and so are your monthly repayments, whether interest rates go up or down.

  • We could help you make the move with our 95% loan to value (LTV) mortgages, meaning you only need a 5% deposit. There may be a non-refundable booking fee and a product fee, details of any fees payable will be found on your Mortgage Illustration
  • You could pay off your mortgage early. During the initial rate period, you can overpay by up to 20% of the outstanding balance each year with no early repayment charge
  • Get a great deal more. Earn Clubcard points on your monthly repayments and any regular or lump sum overpayments. You won’t collect points on any fees or charges paid separately from your monthly payment or on any overpayment you make to pay off your mortgage in full
  • Choose between a mortgage with a product fee or one without a product fee

Retrieve a quote

Features of a fixed rate mortgage

WHAT IS A FIXED RATE MORTGAGE?

Fixed rate mortgages explained

A fixed rate mortgage means that your interest rate stays the same for a fixed period, for example, 3 years. This can make it easier to manage your budget because your monthly repayments will stay the same.

Once your fixed rate period has ended, we will move you to our standard variable rate (SVR). If you’re an existing customer, before your initial offer period ends, we’ll get in touch with details about our current mortgage deals.

Our fixed rate mortgage range

Use our quick mortgage calculator to see what mortgage products we could offer you.

Not sure if a Tesco Bank Fixed Rate Mortgage is right for you? Take a look at our full range of mortgage options.

All of our mortgages are repayment, rather than interest-only. This means that you pay back all of the loan (sometimes called the capital), plus interest.

BENEFITS OF OUR FIXED MORTGAGE

Benefits of our fixed rate mortgage

Our range of fixed rate mortgages is flexible, so if your life changes your mortgage could too.

Budget more easily with fixed repayments

Our fixed rate mortgages help you budget more easily with the certainty of knowing your monthly repayments will stay the same for an agreed period, even if interest rates go up or down.

Pay off your mortgage early for more years of mortgage-free living

During the initial period (2, 3 or 5 years) you can overpay by up to 20% of the outstanding balance each year and there’s no early repayment charge.

Take your mortgage with you when you move home

Just give us a call about moving your mortgage and we’ll walk you through what you need to know. Just a reminder, you may need to pay a property valuation fee, as well as other fees and charges.

It will all be outlined in your Mortgage Illustration: a document that tells you how much your mortgage will cost, as well as some other important information about the key features of your mortgage.

Have a break with a payment holiday

If you’ve made 6 monthly payments in a row, you can apply to take a payment holiday for 1 month. You can take 2 payment holidays every 12 months, up to a total of 6 payment holidays over the lifetime of your mortgage. But remember, you’ll still be charged interest during a payment holiday, so your monthly payments may go up.

You could increase your borrowing

If you’ve made 6 monthly payments, one after the other, you can apply to borrow more. The minimum amount you can borrow is £5,000 and the rate of interest you’ll pay is our standard variable rate (SVR).

We’re upfront and keep things simple. You’ll find full details of the changes you can make to your mortgage, and our charges, in your personalised Mortgage Illustration.

Just a reminder, you may need to pay a property valuation fee, as well as other fees and charges.

Our fees and charges

Clubcard rewards

We’ll automatically give you 1 point for every £4 you pay on your monthly mortgage payments – including overpayments. It’s easy to keep track of your points too as they’ll show up on your Clubcard account within 6 weeks of each payment you make. You must be registered to Clubcard in order to benefit from Clubcard points.

You won’t collect points on any fees or charges paid separately from your monthly payment or on any overpayment you make to pay off your mortgage in full.

Find out more about Clubcard

FIRST TIME BUYERS AND MOVING HOME

First time buyers and moving home

We know that getting your mortgage sorted is important. That’s why we have a dedicated mortgage team. They provide an excellent service and are here to help you through the home buying process, whether you’re just starting out or are looking to move to a new home.

Our UK-based Mortgage Team is available from 8am to 9pm on weekdays, and 9am to 4pm on Saturdays. Call: 0345 217 2050.

We provide a full advice service by phone, or you can apply online.

Our fees and charges

REMORTGAGE

Secure a better remortgage rate

Everyone has their own reasons for wanting to remortgage. Your current deal could be about to end, you might be looking for a better rate or be worried that interest rates might go up. Maybe your situation has changed and you want a different type of mortgage or perhaps you want to increase your mortgage to make home improvements.

We offer competitive rates on remortgage deals, so there’s nothing stopping you from getting a quote and seeing how much you can borrow. If you’re coming to the end of your deal we can arrange for your home to be revalued and pay for your first standard valuation fee.

You could save by switching

When you remortgage with us, we’ll pay your first standard valuation fee and we’ll also cover your standard legal fees.

Our fees and charges

COMING TO THE END OF YOUR MORTGAGE?

Renew your existing mortgage

If you’re an existing customer, before your initial offer period ends, we’ll get in touch with details about our current mortgage deals. We’ll work it out based on how much you still owe on your mortgage, our current valuation of your home, and the number of years left on your existing mortgage. And because you’re already a customer, we’ve done all the checks we need to, meaning switching to a new deal should be quick and easy.

Contact us – we’re here to help

Need a few questions answered? Want to chat rather than scroll? Our UK-based teams are here to talk to you six days a week. Lines are open Monday to Friday 8am-9pm and Saturday 9am-4pm.

Call 0345 217 2050* to chat about new policies.

* These numbers may be included as part of any inclusive call minutes provided by your phone operator.

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