The new range also includes a new 5 year fixed rate (80% LTV) at 3.79% (previously 4.39%) and the 2 year fixed rate (70% LTV) at 2.39%.
In addition to good value and great 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.
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.”