Skip to main content
Menu

Tesco Bank

Tesco Bank, a part of the Tesco Personal Finance brand belonging to the major UK supermarket chain, is an award winning residential mortgage provider.

Compare mortgages

Reason for mortgage
£
£
years
How would you like to repay?
Loading
Rate type Initial rate Fees Overall cost
APRC

Overall costs for comparison. This is a way of comparing most costs including interest and fees.

Monthly cost
Rate type
Fixed until 31/10/2018
Initial rate
1.44%then 3.89% (variable)
Fees
£1,990fees
Overall cost
3.5%APRC
Monthly cost
£635.40 for 24 months then £818.87 (variable)
for 276 months
Am I eligible?
Please make sure you at least meet the following criteria:
  • Resident of: England, Scotland, Wales, Northern Ireland
  • Aged 18 or older
  • 75 or younger at mortgage end
  • No County Court Judgements (CCJs)
  • No arrears
  • No defaults
  • No bankruptcies
  • No repossessions
  • Up to 60% loan-to-value (LTV) available.

Additional criteria for acceptance from the lender may apply.

Assumed application completion date of 31/10/2016. Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £243,248 includes: Loan amount (£160,000); Interest (£81,258); Application fee (£1,300); Valuation fee (£325); Legal fee (£250); Funds transfer fee (£25); Mortgage discharge fee (£90); Deeds release fee (£0); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Fixed until 31/10/2018
Initial rate
1.44%then 3.89% (variable)
Fees
£1,990fees
Overall cost
3.5%APRC
Monthly cost
£635.40 for 24 months then £818.87 (variable)
for 276 months
Am I eligible?
Please make sure you at least meet the following criteria:
  • Resident of: England, Scotland, Wales, Northern Ireland
  • Aged 18 or older
  • 75 or younger at mortgage end
  • No County Court Judgements (CCJs)
  • No arrears
  • No defaults
  • No bankruptcies
  • No repossessions
  • Up to 60% loan-to-value (LTV) available.

Additional criteria for acceptance from the lender may apply.

Assumed application completion date of 31/10/2016. Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £243,248 includes: Loan amount (£160,000); Interest (£81,258); Application fee (£1,300); Valuation fee (£325); Legal fee (£250); Funds transfer fee (£25); Mortgage discharge fee (£90); Deeds release fee (£0); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Fixed until 31/10/2018
Initial rate
1.59%then 3.89% (variable)
Fees
£1,990fees
Overall cost
3.6%APRC
Monthly cost
£646.69 for 24 months then £819.95 (variable)
for 276 months
Am I eligible?
Please make sure you at least meet the following criteria:
  • Resident of: England, Scotland, Wales, Northern Ireland
  • Aged 18 or older
  • 75 or younger at mortgage end
  • No County Court Judgements (CCJs)
  • No arrears
  • No defaults
  • No bankruptcies
  • No repossessions
  • Up to 75% loan-to-value (LTV) available.

Additional criteria for acceptance from the lender may apply.

Assumed application completion date of 31/10/2016. Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £243,817 includes: Loan amount (£160,000); Interest (£81,827); Application fee (£1,300); Valuation fee (£325); Legal fee (£250); Funds transfer fee (£25); Mortgage discharge fee (£90); Deeds release fee (£0); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Fixed until 31/10/2018
Initial rate
1.59%then 3.89% (variable)
Fees
£1,990fees
Overall cost
3.6%APRC
Monthly cost
£646.69 for 24 months then £819.95 (variable)
for 276 months
Am I eligible?
Please make sure you at least meet the following criteria:
  • Resident of: England, Scotland, Wales, Northern Ireland
  • Aged 18 or older
  • 75 or younger at mortgage end
  • No County Court Judgements (CCJs)
  • No arrears
  • No defaults
  • No bankruptcies
  • No repossessions
  • Up to 70% loan-to-value (LTV) available.

Additional criteria for acceptance from the lender may apply.

Assumed application completion date of 31/10/2016. Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £243,817 includes: Loan amount (£160,000); Interest (£81,827); Application fee (£1,300); Valuation fee (£325); Legal fee (£250); Funds transfer fee (£25); Mortgage discharge fee (£90); Deeds release fee (£0); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Fixed until 31/10/2018
Initial rate
1.59%then 3.89% (variable)
Fees
£1,990fees
Overall cost
3.6%APRC
Monthly cost
£646.69 for 24 months then £819.95 (variable)
for 276 months
Am I eligible?
Please make sure you at least meet the following criteria:
  • Resident of: England, Scotland, Wales, Northern Ireland
  • Aged 18 or older
  • 75 or younger at mortgage end
  • No County Court Judgements (CCJs)
  • No arrears
  • No defaults
  • No bankruptcies
  • No repossessions
  • Up to 75% loan-to-value (LTV) available.

Additional criteria for acceptance from the lender may apply.

Assumed application completion date of 31/10/2016. Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £243,817 includes: Loan amount (£160,000); Interest (£81,827); Application fee (£1,300); Valuation fee (£325); Legal fee (£250); Funds transfer fee (£25); Mortgage discharge fee (£90); Deeds release fee (£0); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Tracker until 31/10/2018
Initial rate
1.65%then 3.89% (variable)
Fees
£1,685fees
Overall cost
3.6%APRC
Monthly cost
£651.24 for 24 months then £820.38 (variable)
for 276 months
Am I eligible?
Please make sure you at least meet the following criteria:
  • Resident of: England, Scotland, Wales, Northern Ireland
  • Aged 18 or older
  • 75 or younger at mortgage end
  • No County Court Judgements (CCJs)
  • No arrears
  • No defaults
  • No bankruptcies
  • No repossessions
  • Up to 60% loan-to-value (LTV) available.

Additional criteria for acceptance from the lender may apply.

Assumed application completion date of 31/10/2016. Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £243,740 includes: Loan amount (£160,000); Interest (£82,055); Application fee (£995); Valuation fee (£325); Legal fee (£250); Funds transfer fee (£25); Mortgage discharge fee (£90); Deeds release fee (£0); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Tracker until 31/10/2018
Initial rate
1.65%then 3.89% (variable)
Fees
£1,685fees
Overall cost
3.6%APRC
Monthly cost
£651.24 for 24 months then £820.38 (variable)
for 276 months
Am I eligible?
Please make sure you at least meet the following criteria:
  • Resident of: England, Scotland, Wales, Northern Ireland
  • Aged 18 or older
  • 75 or younger at mortgage end
  • No County Court Judgements (CCJs)
  • No arrears
  • No defaults
  • No bankruptcies
  • No repossessions
  • Up to 60% loan-to-value (LTV) available.

Additional criteria for acceptance from the lender may apply.

Assumed application completion date of 31/10/2016. Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £243,740 includes: Loan amount (£160,000); Interest (£82,055); Application fee (£995); Valuation fee (£325); Legal fee (£250); Funds transfer fee (£25); Mortgage discharge fee (£90); Deeds release fee (£0); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Fixed until 31/10/2018
Initial rate
1.69%then 3.89% (variable)
Fees
£1,685fees
Overall cost
3.6%APRC
Monthly cost
£654.28 for 24 months then £820.66 (variable)
for 276 months
Am I eligible?
Please make sure you at least meet the following criteria:
  • Resident of: England, Scotland, Wales, Northern Ireland
  • Aged 18 or older
  • 75 or younger at mortgage end
  • No County Court Judgements (CCJs)
  • No arrears
  • No defaults
  • No bankruptcies
  • No repossessions
  • Up to 80% loan-to-value (LTV) available.

Additional criteria for acceptance from the lender may apply.

Assumed application completion date of 31/10/2016. Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £243,891 includes: Loan amount (£160,000); Interest (£82,206); Application fee (£995); Valuation fee (£325); Legal fee (£250); Funds transfer fee (£25); Mortgage discharge fee (£90); Deeds release fee (£0); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Fixed until 31/10/2018
Initial rate
1.69%then 3.89% (variable)
Fees
£1,685fees
Overall cost
3.6%APRC
Monthly cost
£654.28 for 24 months then £820.66 (variable)
for 276 months
Am I eligible?
Please make sure you at least meet the following criteria:
  • Resident of: England, Scotland, Wales, Northern Ireland
  • Aged 18 or older
  • 75 or younger at mortgage end
  • No County Court Judgements (CCJs)
  • No arrears
  • No defaults
  • No bankruptcies
  • No repossessions
  • Up to 80% loan-to-value (LTV) available.

Additional criteria for acceptance from the lender may apply.

Assumed application completion date of 31/10/2016. Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £243,891 includes: Loan amount (£160,000); Interest (£82,206); Application fee (£995); Valuation fee (£325); Legal fee (£250); Funds transfer fee (£25); Mortgage discharge fee (£90); Deeds release fee (£0); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Tracker until 31/10/2018
Initial rate
1.7%then 3.89% (variable)
Fees
£1,685fees
Overall cost
3.6%APRC
Monthly cost
£655.04 for 24 months then £820.74 (variable)
for 276 months
Am I eligible?
Please make sure you at least meet the following criteria:
  • Resident of: England, Scotland, Wales, Northern Ireland
  • Aged 18 or older
  • 75 or younger at mortgage end
  • No County Court Judgements (CCJs)
  • No arrears
  • No defaults
  • No bankruptcies
  • No repossessions
  • Up to 75% loan-to-value (LTV) available.

Additional criteria for acceptance from the lender may apply.

Assumed application completion date of 31/10/2016. Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £243,929 includes: Loan amount (£160,000); Interest (£82,244); Application fee (£995); Valuation fee (£325); Legal fee (£250); Funds transfer fee (£25); Mortgage discharge fee (£90); Deeds release fee (£0); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Tracker until 31/10/2018
Initial rate
1.7%then 3.89% (variable)
Fees
£1,685fees
Overall cost
3.6%APRC
Monthly cost
£655.04 for 24 months then £820.74 (variable)
for 276 months
Am I eligible?
Please make sure you at least meet the following criteria:
  • Resident of: England, Scotland, Wales, Northern Ireland
  • Aged 18 or older
  • 75 or younger at mortgage end
  • No County Court Judgements (CCJs)
  • No arrears
  • No defaults
  • No bankruptcies
  • No repossessions
  • Up to 70% loan-to-value (LTV) available.

Additional criteria for acceptance from the lender may apply.

Assumed application completion date of 31/10/2016. Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £243,929 includes: Loan amount (£160,000); Interest (£82,244); Application fee (£995); Valuation fee (£325); Legal fee (£250); Funds transfer fee (£25); Mortgage discharge fee (£90); Deeds release fee (£0); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Tracker until 31/10/2018
Initial rate
1.7%then 3.89% (variable)
Fees
£1,685fees
Overall cost
3.6%APRC
Monthly cost
£655.04 for 24 months then £820.74 (variable)
for 276 months
Am I eligible?
Please make sure you at least meet the following criteria:
  • Resident of: England, Scotland, Wales, Northern Ireland
  • Aged 18 or older
  • 75 or younger at mortgage end
  • No County Court Judgements (CCJs)
  • No arrears
  • No defaults
  • No bankruptcies
  • No repossessions
  • Up to 75% loan-to-value (LTV) available.

Additional criteria for acceptance from the lender may apply.

Assumed application completion date of 31/10/2016. Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £243,929 includes: Loan amount (£160,000); Interest (£82,244); Application fee (£995); Valuation fee (£325); Legal fee (£250); Funds transfer fee (£25); Mortgage discharge fee (£90); Deeds release fee (£0); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Tracker until 31/10/2018
Initial rate
1.8%then 3.89% (variable)
Fees
£1,685fees
Overall cost
3.6%APRC
Monthly cost
£662.70 for 24 months then £821.44 (variable)
for 276 months
Am I eligible?
Please make sure you at least meet the following criteria:
  • Resident of: England, Scotland, Wales, Northern Ireland
  • Aged 18 or older
  • 75 or younger at mortgage end
  • No County Court Judgements (CCJs)
  • No arrears
  • No defaults
  • No bankruptcies
  • No repossessions
  • Up to 80% loan-to-value (LTV) available.

Additional criteria for acceptance from the lender may apply.

Assumed application completion date of 31/10/2016. Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £244,308 includes: Loan amount (£160,000); Interest (£82,623); Application fee (£995); Valuation fee (£325); Legal fee (£250); Funds transfer fee (£25); Mortgage discharge fee (£90); Deeds release fee (£0); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Tracker until 31/10/2018
Initial rate
1.8%then 3.89% (variable)
Fees
£1,685fees
Overall cost
3.6%APRC
Monthly cost
£662.70 for 24 months then £821.44 (variable)
for 276 months
Am I eligible?
Please make sure you at least meet the following criteria:
  • Resident of: England, Scotland, Wales, Northern Ireland
  • Aged 18 or older
  • 75 or younger at mortgage end
  • No County Court Judgements (CCJs)
  • No arrears
  • No defaults
  • No bankruptcies
  • No repossessions
  • Up to 80% loan-to-value (LTV) available.

Additional criteria for acceptance from the lender may apply.

Assumed application completion date of 31/10/2016. Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £244,308 includes: Loan amount (£160,000); Interest (£82,623); Application fee (£995); Valuation fee (£325); Legal fee (£250); Funds transfer fee (£25); Mortgage discharge fee (£90); Deeds release fee (£0); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Fixed until 31/10/2018
Initial rate
1.84%then 3.89% (variable)
Fees
£690fees
Overall cost
3.6%APRC
Monthly cost
£665.77 for 24 months then £821.72 (variable)
for 276 months
Am I eligible?
Please make sure you at least meet the following criteria:
  • Resident of: England, Scotland, Wales, Northern Ireland
  • Aged 18 or older
  • 75 or younger at mortgage end
  • No County Court Judgements (CCJs)
  • No arrears
  • No defaults
  • No bankruptcies
  • No repossessions
  • Up to 60% loan-to-value (LTV) available.

Additional criteria for acceptance from the lender may apply.

Assumed application completion date of 31/10/2016. Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £243,464 includes: Loan amount (£160,000); Interest (£82,774); Valuation fee (£325); Legal fee (£250); Funds transfer fee (£25); Mortgage discharge fee (£90); Deeds release fee (£0); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Fixed until 31/10/2018
Initial rate
1.84%then 3.89% (variable)
Fees
£1,685fees
Overall cost
3.6%APRC
Monthly cost
£665.77 for 24 months then £821.72 (variable)
for 276 months
Am I eligible?
Please make sure you at least meet the following criteria:
  • Resident of: England, Scotland, Wales, Northern Ireland
  • Aged 18 or older
  • 75 or younger at mortgage end
  • No County Court Judgements (CCJs)
  • No arrears
  • No defaults
  • No bankruptcies
  • No repossessions
  • Up to 85% loan-to-value (LTV) available.

Additional criteria for acceptance from the lender may apply.

Assumed application completion date of 31/10/2016. Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £244,459 includes: Loan amount (£160,000); Interest (£82,774); Application fee (£995); Valuation fee (£325); Legal fee (£250); Funds transfer fee (£25); Mortgage discharge fee (£90); Deeds release fee (£0); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Fixed until 31/10/2018
Initial rate
1.84%then 3.89% (variable)
Fees
£1,685fees
Overall cost
3.6%APRC
Monthly cost
£665.77 for 24 months then £821.72 (variable)
for 276 months
Am I eligible?
Please make sure you at least meet the following criteria:
  • Resident of: England, Scotland, Wales, Northern Ireland
  • Aged 18 or older
  • 75 or younger at mortgage end
  • No County Court Judgements (CCJs)
  • No arrears
  • No defaults
  • No bankruptcies
  • No repossessions
  • Up to 85% loan-to-value (LTV) available.

Additional criteria for acceptance from the lender may apply.

Assumed application completion date of 31/10/2016. Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £244,459 includes: Loan amount (£160,000); Interest (£82,774); Application fee (£995); Valuation fee (£325); Legal fee (£250); Funds transfer fee (£25); Mortgage discharge fee (£90); Deeds release fee (£0); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Fixed until 31/10/2018
Initial rate
1.84%then 3.89% (variable)
Fees
£690fees
Overall cost
3.6%APRC
Monthly cost
£665.77 for 24 months then £821.72 (variable)
for 276 months
Am I eligible?
Please make sure you at least meet the following criteria:
  • Resident of: England, Scotland, Wales, Northern Ireland
  • Aged 18 or older
  • 75 or younger at mortgage end
  • No County Court Judgements (CCJs)
  • No arrears
  • No defaults
  • No bankruptcies
  • No repossessions
  • Up to 60% loan-to-value (LTV) available.

Additional criteria for acceptance from the lender may apply.

Assumed application completion date of 31/10/2016. Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £243,464 includes: Loan amount (£160,000); Interest (£82,774); Valuation fee (£325); Legal fee (£250); Funds transfer fee (£25); Mortgage discharge fee (£90); Deeds release fee (£0); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Fixed until 31/10/2021
Initial rate
1.89%then 3.89% (variable)
Fees
£1,685fees
Overall cost
3.2%APRC
Monthly cost
£669.63 for 60 months then £802.72 (variable)
for 240 months
Am I eligible?
Please make sure you at least meet the following criteria:
  • Resident of: England, Scotland, Wales, Northern Ireland
  • Aged 18 or older
  • 75 or younger at mortgage end
  • No County Court Judgements (CCJs)
  • No arrears
  • No defaults
  • No bankruptcies
  • No repossessions
  • Up to 60% loan-to-value (LTV) available.

Additional criteria for acceptance from the lender may apply.

Assumed application completion date of 31/10/2016. Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £234,515 includes: Loan amount (£160,000); Interest (£72,830); Application fee (£995); Valuation fee (£325); Legal fee (£250); Funds transfer fee (£25); Mortgage discharge fee (£90); Deeds release fee (£0); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Fixed until 31/10/2021
Initial rate
1.89%then 3.89% (variable)
Fees
£1,685fees
Overall cost
3.2%APRC
Monthly cost
£669.63 for 60 months then £802.72 (variable)
for 240 months
Am I eligible?
Please make sure you at least meet the following criteria:
  • Resident of: England, Scotland, Wales, Northern Ireland
  • Aged 18 or older
  • 75 or younger at mortgage end
  • No County Court Judgements (CCJs)
  • No arrears
  • No defaults
  • No bankruptcies
  • No repossessions
  • Up to 60% loan-to-value (LTV) available.

Additional criteria for acceptance from the lender may apply.

Assumed application completion date of 31/10/2016. Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £234,515 includes: Loan amount (£160,000); Interest (£72,830); Application fee (£995); Valuation fee (£325); Legal fee (£250); Funds transfer fee (£25); Mortgage discharge fee (£90); Deeds release fee (£0); Fees are assumed to be paid up front and not included in the amount borrowed.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

About Tesco Bank

Tesco Bank can provide both fixed rate and tracker rate mortgages, and one thing that makes their mortgages unique is that they actually give you Tesco Clubcard reward points on your mortgage repayments, so they are one of the few mortgage providers with a reward scheme!

A fixed rate mortgage, such as the ones you can choose from Tesco Bank, is one where the interest rate stays the same for a fixed period of time. A tracker rate mortgage, which Tesco Bank can also provide you with, is one where the rate of interest on your mortgage is the Bank of England base rate plus a percentage - so it can change. 

Which you prefer and which is right for you is something to discuss when you enquire about a mortgage, as this can be one of the most important decisions when it comes to taking on a new mortgage and will affect how much you have to pay for the life of the mortgage.

Tesco Bank was formed in 1997 as a joint venture between Tesco itself and the Royal Bank of Scotland. It has been providing a wide range of personal finance solutions ever since, though in 2008 Tesco bought out RBS and so Tesco Bank is now owned and run entirely by Tesco Plc. 

In addition to fixed and tracker rate personal mortgages, Tesco Bank also provides current accounts, credit cards, loans, tax free and instant access savings accounts, car, home, life, travel and pet insurance, and travel money services.

Tesco Bank is a good choice if you want a good value residential mortgage, and your circumstances are fairly straightforward. The incentive of Clubcard points on repayments may also sound trivial, but can actually save you a lot of money in Tesco stores, which means you are always getting something back (provided you shop at Tesco).  

As one of the first supermarkets to offer banking products, Tesco have become a trusted name in personal finance and won praise from the media for their value, products and customer service.

Tesco Bank offers online and telephone banking, and full customer support. They also have a mobile app that you can use to track and manage any Tesco Bank accounts, mortgages or loans you have.

uSwitch is authorised and regulated by the Financial Conduct Authority (FSA FRN 312850) to provide this mortgage comparison service

uSwitch services are provided at no cost to you, but we may receive a commission from the companies we refer you to.