The new range of 2, 3 and 5 year fixed rate products have no product fee and reward the loyalty of customers with Clubcard points as they repay their mortgage.
The highlights of the new products include:
- Mortgages of up 95% LTV, with no product fee (£195 non-refundable booking fee applies)
- A competitive range of products, starting from 4.49%, fixed until 31/08/2017
- Flexibility to make regular or lump sum overpayments of up to 20% of the outstanding balance each year during the initial rate period, without having to pay an Early Repayment Charge
- Available for first-time buyers and those looking to remortgage
David McCreadie, Managing Director, Banking at Tesco Bank, commented:
“We are delighted to extend our mortgage range by offering 95% LTV mortgages, which further widens the options available to customers. We appreciate that it can be difficult for customers to buy their first home, and hope that the combination of competitive rates and no fee will help more and more customers get onto the property ladder for the first time. Tesco Bank mortgages provide customers with great value, competitive rates and award-winning service, with the added bonus of Clubcard points on their repayments.”
