The new products offer great rates starting at 3.29%, 3.59% and 3.69% for two year, three year and five year fixed rate products and 3.25% for a two year tracker.
Having previously offered mortgages with a maximum 80% LTV, this extension provides more choice for customers looking for mortgages with great rates and competitive fees, and significantly enhances Tesco Bank's already highly competitive mortgage portfolio.
In addition to the highly competitive rates, customers taking out a mortgage with Tesco Bank will also receive a ‘thank-you' with Clubcard points as they repay their mortgage, collecting one point for every £4 on their monthly mortgage repayments.
Commenting on the new products, David McCreadie, Managing Director of Banking, said:
"We aim to be the financial services provider of choice for Tesco customers by providing great value, good service and rewarding loyalty. We are committed to lending responsibly and our highly competitive mortgage range is now accessible to even more Tesco customers.
"Our mortgage products combine all the hallmarks that customers expect and deserve from a Tesco Bank mortgage; great rates, competitive fees and the added ‘thank-you' of Clubcard points."
