The new rates, which come a month after Tesco Bank added mortgages to its range of banking services, give customers some of the best deals on the market, with rates starting from 2.95%. The reductions apply to both fixed rate and tracker mortgages, whether customers are remortgaging or buying a new home.
Tesco Bank's products include:
- 2 Year Fixed: 70% max LTV, 2.99% initial rate, 4.2% APR
- 3 Year Fixed: 70% max LTV, 3.28% initial rate, 4.1%
- 5 Year Fixed: 70% max LTV, 3.99% initial rate, 4.0%
David McCreadie, Managing Director of Banking at Tesco Bank, said:
"We're pleased to offer customers some good news by reducing our rates to as low as 2.95%. Today's rate changes once again underline Tesco Bank's commitment to offering highly competitive banking products which meet our customers' needs today and as they continue to bank with us into the future."
