Tesco Home Loans

Compare best home loans from TESCO

If you own your own home, you could be eligible to borrow more money against your home, giving you the freedom to fund a major purchase, consolidate your debts, or make some improvements or renovations to your property. Home loans allow you to borrow more money because the lender has the security of your property as collateral against the loan. Compare the best home loans using the table below:

Features of TESCO home loans

Features of a TESCO home loan include:

• Borrow a larger sum of money than might usually be available via a personal loan

• Use your homeowner loan for almost any purpose, other than for business capital or certain types of land and property purchases

What are the advantages of TESCO home loans?

• Lower interest rates – Personal loans for people with poor credit may charge a higher rate of interest than home loans

• Extended repayment period - home loans could allow you to make payments over an extended period of time, which may be useful for budgeting.

• Option to borrow more money - Some home loan providers will let you borrow considerably more money than is typically obtainable via personal loans.

What are the disadvantages of TESCO home loans?

• It’s vital to make certain that a home loan is the right choice for you before embarking on with this sort of borrowing as the debt is secured against your home – speak to an independent financial advisor if you're in any doubt regarding the appropriateness of this sort of loan for your circumstances.

• The interest accumulated over the longer time period may mean you end up paying more overall for the loan.

Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it. If you are at all unsure of the suitability of a particular product for your circumstances you should seek independent financial advice.