Tesco Bank launches five-year fixed rate remortgage range

Tesco Bank has introduced new five-year fixed rate remortgage products and reduced rates across a selection of its two, three and five year fixed rate house purchase and remortgage products.

Related topics:  Mortgages
Rozi Jones
28th July 2017
tesco bank shop

Two-year fixed rate remortgage products are available from 1.74% up to 80% LTV with no fee. 85% LTV rates start from 1.54% with a £995 fee and 90% LTV rates for purchase and remortgage are on offer at 2.14%.

Three-year fixed remortgage rates are available at 1.84% up to 75% LTV, 2.18% at 80% LTV and 2.75% up to 90% LTV.

New five-year remortgage products include a 1.88% rate at 60% LTV and a 2.18% 80% LTV.

David McCreadie, Managing Director at Tesco Bank, commented: “We are always looking to deliver great value mortgages and so as more customers look to take fixed rate mortgages, I am delighted that we can respond by offering these market-leading rates as well as reducing our rates on a selection of our two-year, three-year and five-year products to help customers’ money go that little bit further. As an extra little help, Tesco Bank Mortgage customers also collect Clubcard points on their mortgage repayments giving them access to the great benefits provided by Tesco Reward partners including family meals and days out.”

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