The five-year fix is available at 1.68% up to 60% LTV with a £995 product fee.
The Bank has also reduced the rate on one of its two-year fixed rate remortgage products, which is now available from 1.53% up to 60% LTV with no fee.
David McCreadie, Managing Director at Tesco Bank, commented: “We are pleased to introduce our new market-leading five-year fixed rate product for customers who are looking to remortgage their home, helping them to make their money go that little bit further. As an extra little help, all customers also collect Clubcard points on their mortgage repayments giving them access to the great benefits provided by Tesco Clubcard partners including family meals and days out.”
