Your home may be repossessed if you do not keep up repayments on your mortgage
About Tesco Bank
Tesco Bank offers two-year, three-year or five-year fixed rate mortgage deals for first-time buyers, home movers and remortgagers.
Tesco Bank also offers other financial products, including loans, credit cards and savings accounts.
Tesco Bank is a trading name of Tesco Personal Finance plc. Tesco Personal Finance plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
Tesco Bank mortgages
Tesco Bank offers fixed rate mortgages for first-time buyers, home movers and remortgagers.
Tesco mortgages for first-time buyers: Tesco Bank offers a maximum loan-to-value of 95% for your mortgage, helping first-time buyers get on the property ladder with a minimum of a 5% deposit.
Tesco mortgages for home movers: existing Tesco Bank mortgage customers may be able to move their current mortgage deal to their new home if the mortgage is ‘portable’. New and existing Tesco mortgage customers can also find a fixed rate deal for their next home.
Remortgaging with Tesco Bank: new and existing mortgage customers can switch to a new mortgage deal with Tesco Bank. You may also be able to increase the size of your mortgage and borrow more.
Tesco mortgage Decision in Principle
You’ll need a mortgage Decision in Principle before you apply for a Tesco mortgage. A Decision in Principle helps to give you a better idea of how much a provider is willing to offer you based on your deposit size and affordability.
Your Tesco mortgage Decision in Principle will last up to 90 days.
A mortgage Decision in Principle isn’t a firm mortgage offer, and the rate and amount you’re offered can change after a full credit search is carried out.
Applying for a Tesco mortgage
Once you’ve got a mortgage Decision in Principle you can then apply for an Offer in Principle (a firm borrowing offer).
You can apply for your Tesco mortgage online, over the phone or through one of the firms on Tesco’s mortgage intermediary panel.
Arranging your Tesco mortgage can take eight to 10 weeks, but this will depend on your individual circumstances.
How long does a Tesco mortgage offer last?
Your Tesco mortgage offer will be valid for 90 days.
Tesco Bank mortgages contact
You can contact Tesco Bank by:
Phone: Call Tesco Bank mortgages on 0345 217 2050
Facebook: Contact Tesco Bank on Facebook.
Twitter: Contact Tesco Bank on Twitter.
Tesco Bank mortgages address: Tesco Bank Mortgage Operations, PO Box 353, Darlington, DL1 9QR
Compare mortgage deals with MoneySuperMarket
You can also use MoneySuperMarket to find and compare mortgage deals by type of mortgage, initial monthly cost (for the mortgage deal), initial interest rate for the deal, the maximum loan-to-value each provider offers and whether there are any mortgage fees.