Tesco's best fixed mortgage rate of 1.99% is withdrawn.
If you were hoping to get Tesco's best fixed mortgage rate of 1.99% you may be too late.
Reports that the lender has withdrawn the 2 year fixed rate may have taken borrowers by surprise. However, at Deal Direct we are aware of the frequent changes in the mortgage market. New deals are being announced while others are being withdrawn, on an almost daily basis.
For the best fixed mortgage rates currently available, contact Deal Direct. We are up to date on the latest deals and can offer independent advice and the cheapest rates available.
As this latest change indicates, you may need to act fast to get the best deals as they can disappear quickly. The Tesco deal has been withdrawn after being on offer for less than a month. The lender was reported to have used all the funds allocated to the product.
The rate of 1.99% was the lowest on offer, but only available if you had 40% deposit and could meet lending criteria. The headline rate was out of reach for many borrowers, but there are still some low rates deals on offer.
If you have 40% deposit you can still get interest rates at less than 2.5% for a 2 year fixed rate deal. With 30% deposit rates of less than 3% are available for 2 years. There are also a number of competitive 5 year fixed rate deals on offer.
Remember that the best deals can be withdrawn without notice. If you want the best fixed mortgage rate or the lowest tracker rate don't hesitate.
Call Deal Direct Today.
