Tesco introduces its lowest ever tracker rate

Tesco Bank has introduced its lowest ever tracker rate mortgage and reduced the rates on a selection of its 2, 3 and 5 year fixed rate products to help make it easier for customers to make a move on the property ladder or remortgage their current property.

Related topics:  Mortgages
Amy Loddington
23rd May 2017
tesco bank shop

The new rates include some of the most competitive mortgage products available -  0.98% for the 60% LTV 2 year tracker with £1,495 product fee;  1.92% for the 60% LTV fixed for 5 years with no product fee; and 2.12% for the 75% LTV fixed for 5 years with no product fee.
 
David McCreadie, Managing Director at Tesco Bank, commented:

“We are pleased to introduce our new reduced rates on a selection of our 2, 3, 5 year and tracker mortgage products to help customers buy or remortgage their home. Alongside our competitive rates, we also offer customers the unique added benefit of collecting Clubcard points on their mortgage repayments."

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