Tesco Discount Mortgages
Tesco Personal Finance offer discounted mortgages with discount periods of 2 or 3 years.
During the discount period, Tesco guarantee to only change the interest rate if the Bank of England changes the base rate, and then they'll change it by the same amount - no more or less.
Overpayments are allowed, with up to 10% of the mortgage amount allowed to be overpaid during the discount period without charge. Overpayments are unlimited once the discount deal has ended.
Tesco Discount Mortgages : At a glance
- Choose a discounted rate for 2 or 3 years
- Interest rate guaranteed to only change in line with the Bank of England base rate - and by no more or less
- Up to 10% overpayment allowed during discount period, no overpayment limit after that
- Borrow up to 95% of your home's value
- Interest worked out daily to save you money
- Choose interest-only, repayment or a combination
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