Tesco have recently launched their own bank and are now offering mortgages. They state you get great rates and clubcard points.
Now the bad part
“You will not receive advice or a recommendation from us. We may ask some questions to narrow down the selection of products that we will provide details on. You will then need to make your own choice about how to proceed.”(Tesco Bank website)
This means if you choose the wrong product it is not Tesco’s fault as you choose it.
It’s not the same as buying burgers.
We researched 5 year fixed rate mortgages with a 25% deposit.
Tesco rate 3.79% & fees of £995
Nationwide rate of 3.49% & fees of £499
Why use Neil Soundy Financial for advice on your mortgage in Cardiff?
We will give you expert impartial advice on the mortgage market.
View the video on our homepage that explains how we can offer at least twice the choice of mortgages compared to a standard mortgage broker.
Contact us today for a free no obligation initial discussion or meeting.
How Much Will It Cost Me For Your Advice?
A fee of £495 is payable on completion of the mortgage and Neil Soundy Financial Services Ltd will keep the commission received from the lender for arranging the mortgage.
Neil Soundy Financial Services Ltd is an appointed representative of HL Partnership Ltd which is authorised and regulated by the Financial Services Authority.
The Financial Conduct Authority does not regulate some forms of buy-to-lets.
We do not give or imply legal or taxation advice. We recommend you contact a solicitor or accountant for advice in these areas.
Think carefully before securing other debts against your home/property. Your home/property may be repossessed if you do not keep up repayments on your mortgage.
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We can discuss your current situation and the options available to you before arranging a free no-obligation meeting.