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Tesco Mortgages
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Compare the best mortgage deals to Tesco using the comparison calculator provided. Best rates for mortgage finance products.
Tesco Bank was established to provide simplified yet intelligent financial services for ‘real’ people across the UK. Despite starting out as a small sub-brand with limited services on offer, Tesco Bank now has more than 8 million customers and continues to grow.
Commercial mortgage products from Tesco
A commercial mortgage is typically used in order to buy a business or its associated premises. An initial down payment of 25% to 40% is usually required, and the terms can last between 12 months and 40 years.
Obtaining a commercial mortgage is dependent on the company’s ability to meet the repayments. When you apply for this type of finance, the performance of your business will be taken into account, and underwriters will base the interest rate and charges in accordance with this. A professional valuation of your company’s finances will also be required.
Before applying for a mortgage, you can use an online mortgage calculator to gain a good insight as to how much you can borrow and what your repayments will be. This applies to all mortgage types, such as landlord mortgages.
| Browse all Tesco comparison services | |
|---|---|
| Tesco Bridging Loans | Tesco Commercial Finance |
| Tesco Development Finance | Tesco Loans |
| Tesco Mortgages | Tesco Auction Finance |
Help-to-buy loans from Tesco
Help to buy is a scheme backed by the government that can help a first-time buyer purchase a property with a 5% down payment.
There are a couple of ways that the Help to Buy scheme can help you:
- An equity loans: Which are when the government offers first-time buyers or homeowners funds to purchase a new-build home
- Mortgage guarantee: Where the government ensures a lender that any losses incurred will be compensated should you find yourself unable to repay a debt.
For the best deals on commercial and residential mortgage lending compared to that of Tesco products, check out our quick and easy calculator tool.
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