Tesco Bank cuts mortgage rates

Tesco Bank has today announced mortgage rate cuts of up to 0.5 percentage points on a number of products, including 2, 3 year and 5 year fixed rate and 2 year tracker mortgages.

Related topics:  Mortgages
Rozi Jones
9th February 2015
tesco bank shop

The new mortgage products include:

- 1.49% for the 2 year fixed 60% LTV with £800 fee (plus £195 booking fee)
- 2.29% for the 3 year fixed 70% LTV with no product fee (plus £195 booking fee)
- 2.79% for the 5 year fixed 75% LTV with no product fee (plus £195 booking fee)
- 1.75% for the 2 year tracker at 85% LTV with £800 fee (plus £195 booking fee)
- 3.99% for the 5 year fixed 90% LTV with £800 fee (plus £195 booking fee)

David McCreadie, Managing Director, Banking at Tesco Bank, commented:

“We are committed to helping more customers become homeowners or move up the property ladder. We are delighted that our new 2, 3 and 5 year fixed rate and 2 year tracker mortgage products are providing some of the most competitive rates available.

“Tesco Bank mortgages provide customers with great value and award-winning customer service, with the added bonus of Clubcard points on their repayments.”

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