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.

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 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.