The new 95% LTV range is offering a 95% 2 year fix from 4.19%, and a 5 year fixed rate at 4.69%
The bank has also cut the rate on some of its 2, 3 and 5 year fixed rate and 2 year tracker products, with a 75% LTV two year tracker starting from 1.25%.
David McCreadie, Managing Director, Banking at Tesco Bank, commented:
“We are delighted to widen the options available to customers, and first-time buyers in particular, by launching these new highly competitive offers. We know it can be difficult for first-time buyers to get on the property ladder, and we hope that the new rates on our 95% LTV mortgage products will make it a little bit easier.”
