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Tesco lowest ever fixed rate deal
sheffield_lad
Posts: 1,990 Forumite
Good for Tesco, I hope they are very successful with their mortgage products. This is a great first move.
http://www.thisismoney.co.uk/money/mortgageshome/article-2219721/Tesco-Bank-launches-cheapest-mortgage-UK-fixed-rate-1-99.html?ito=feeds-newsxml
1.99% fixed for 2yrs, fee £995, LTV 60%
http://www.thisismoney.co.uk/money/mortgageshome/article-2219721/Tesco-Bank-launches-cheapest-mortgage-UK-fixed-rate-1-99.html?ito=feeds-newsxml
1.99% fixed for 2yrs, fee £995, LTV 60%
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Comments
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Do you get Tesco Clubcard points on the interest?0
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Loughton_Monkey wrote: »Do you get Tesco Clubcard points on the interest?
I think you actually do!!
Collect Clubcard points with your Tesco Bank Mortgage- Every month – you'll collect one Clubcard point for every £4 of your monthly mortgage payment.
- Overpay and collect – if you make a regular or lump sum overpayment
, you'll collect one Clubcard point for every £4 you overpay.
You won't collect points on any fees or charges paid separately from your monthly payments, or on any overpayment that pays off your mortgage in full.0 -
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Good for Tesco, I hope they are very successful with their mortgage products. This is a great first move.
http://www.thisismoney.co.uk/money/mortgageshome/article-2219721/Tesco-Bank-launches-cheapest-mortgage-UK-fixed-rate-1-99.html?ito=feeds-newsxml
1.99% fixed for 2yrs, fee £995, LTV 60%
Fee £995!! :mad:0 -
So what if it was 1% for 2 yrs, 2 yrs is nothing if you pay 8% the other 28yrs.0
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I would suspect this is more marketing and publicity driven than anything else. Seems to have worked.0
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JoshuaJames wrote: »So what if it was 1% for 2 yrs, 2 yrs is nothing if you pay 8% the other 28yrs.
23 surely? And they'd remortgage?
The alternative of course would be to spend all your money on silver.0 -
"If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
Might be alright for those with large mortgages, but 60% LTV. For the average joe, the fee kills any savings made on the table topping rate.0
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