Media centre Tesco Finance & Insurance

Tesco offers market-leading mortgage to Clubcard customers

Tesco Mortgage Finder is offering a limited number of competitive mortgages from Saffron Building Society exclusively to Clubcard customers.

Mortgages

09/08/07

Tesco offers market-leading mortgage to Clubcard customers

The two-year tracker from Saffron is set at 0.26% below base rate for the first two years, giving a payable rate of 5.49%. Then it tracks at 0.95% above for the remaining term (6.7% APR).

The tracker is available for remortgages of up to 75% of the property value, and comes with a £599 arrangement fee, a refunded valuation and free basic legal work. Early repayment charges apply for the first two years, but overpayments can be made at any time without charge.
 
Customers can apply for this product online at www.tescofinance.com
Says Colin Robertson, head of lending: “The mortgage finder trial pilot which we began in January has proved very popular with customers and we have decided to extend it. Saffron have secured our customers a market-leading mortgage which is available for a limited time only.”
 
The mortgage will be extended to Clubcard customers on a first-come, first-served basis.
 
For further information, please contact:
Matthew Dransfield
Tesco Personal Finance
Tel: 0131 523 9001
 
Alex Godwin-Brown
Haggie Hepburn
Tel: 0207 334 7777
 
Notes to Editors:
The Tesco Mortgage Finder service is provided by London & Country Mortgages Ltd (L& C), Beazer House, Lower Bristol Road, Bath BA2 3BA. L& C are a whole of market mortgage broker and are authorised and regulated by the Financial Services Authority. Tesco Personal Finance have made arrangements with L& C to promote the Tesco Mortgage Finder and introduce customers to L& C for mortgage advice and arranging.
 
*Tesco Personal Finance, the financial services arm of the UK's number one supermarket chain, was launched in July 1997 and offers a combination of Internet, supermarket and telephone banking. Tesco Personal Finance now has over 5 million customer accounts and provides a range of low cost, value for money financial services. It is a joint venture between The Royal Bank of Scotland Group plc and Tesco PLC. Tesco Personal Finance Limited. Registered in Scotland No 173199 Registered Office 24 St Andrew Square Edinburgh.