Tesco Bank has launched new mortgage deals starting at 2.28 per cent on a two year fixed rate (60 per cent LTV) and 2.89 per cent (previously 3.39 per cent) on a five year fixed rate (70 per cent LTV).
The new range also include a new 5 year fixed rate (80 per cent LTV) at 3.79 per cent (previously 4.39 per cent) and the two year fixed rate (70 per cent LTV) at 2.39 per cent.
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.
In announcing the new rates, David McCreadie, Managing Director of Banking, commented:
“We are delighted to be offering a new range of competitive mortgages, particularly as we enter one of the busier periods for the housing market. These products combine competitive rates and fees with the ‘thank-you’ of Clubcard points and underline our commitment to meeting the financial services needs of Tesco customers.”
All products will move onto the Tesco Bank Standard Variable Rate (currently 4.24 per cent) at the end of the initial fixed or tracker rate period. Early Repayment Charges apply during the initial rate period.
Loading ...