These rate reductions mean Tesco Bank is now offering customers some of the most competitive Fixed Rate products on the market.
In addition to these new rates, Tesco Bank is also now offering customers a new 1.99% two-year fixed rate mortgage at 60% LTV.
Tesco Bank’s 2-, 3- and 5-year Fixed Rate Mortgage, and two year base rate tracker provide customers with a choice of straightforward fees. In addition to the promise of good value and service, 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.
Announcing the new rates, David McCreadie, Managing Director of Banking, commented:
“I am delighted that these rate reductions make Tesco Bank mortgages some of the most competitive on the market. We want customers to be able to choose from a range of mortgages that combine great rates and good service with the ‘thank you’ of Clubcard points. We believe our new products allow customers to do just that”.
