Tesco Bank launches 95% LTV intermediary range

Tesco Bank has announced the launch of a new mortgage range which will now include 95% LTV products.

Related topics:  Mortgages
Rozi Jones
12th July 2016
tesco bank shop

From Thursday 14 July, 95% LTV products will be available to intermediaries, initially from a limited tranche of funds.

The products start from 3.74% for a two-year fixed rate. A three-year fix is available from 3.99% and a five-year fix starts at 4.29%.

Tesco is also removing booking fees across the product range, with some now completely fee-free.

In a note to brokers, Tesco Bank said that pipeline cases for the current product range, dated 16 June 2016, must be fully submitted and fees paid by midnight on Wednesday 13 July 2016 in order to qualify for the chosen product.

In May, Tesco Bank extended its broker distribution through First Mortgage Direct, Alexander Hall, Savills Private Finance and Springtide Capital mortgage brokers, as well as London and Country mortgage brokers.

In the coming months, Tesco mortgages will also be made available through the remaining firms in Legal & General’s Nouveau and Key Partners panel.

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