Tesco Bank launches new fixed-rate range

Tesco Bank has launched a new range of two, three, and five year fixed rate mortgage products for home buyers.

Related topics:  Mortgages
Rozi Jones
28th September 2016
tesco bank shop

Highlights of the range include a five-year fixed rate from 1.89% up to 60% LTV and two-year fixed rates from 1.94% at 80% LTV and 2.13% at 85% LTV.

David McCreadie, Managing Director at Tesco Bank, commented: “We want to make it easier for customers to buy their home, and our new selection of competitive mortgage rates helps to make a new house purchase more affordable for customers as they take their next steps on the property ladder.”

The Bank launched its first 95% LTV intermediary range in July.

Last month, Tesco extended its distribution to Openwork after adding First Mortgage Direct, Alexander Hall, Savills Private Finance and Springtide Capital to its broker service in May.

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