Tesco Bank has introduced two new five-year fixed rate remortgage products at 1.94% and 1.99%.
The Bank has also reduced the rates across a selection of its two, three and five-year fixed rate house purchase and remortgage products.
The 1.94% five-year fix comes with an 80% loan-to-value and a £995 fee.
The 1.99% option has a 75% LTV with no fee.
David McCreadie, managing director at Tesco Bank, said: “With more customers looking to take longer-term fixed rate mortgages, I am delighted that we can offer these market-leading rates as well as reducing the rates on a selection of our two-year, three-year and five-year products to help customers’ money go that little bit further.”
All products will move onto the Tesco Bank standard variable rate – currently 3.89% – at the end of the initial fixed rate period.
All house purchase and remortgage products from Tesco Bank include a free standard valuation.
[box style=”4″]
What Mortgage has teamed up with London & Country to offer you expert advice on the right mortgage deal.
Whether you’re buying a new home, remortgaging to a new deal or buying an investment property, L&C can help – and you’ll pay no fee for their advice. To find out more, click here.
[/box]
Loading ...