Tesco Bank has brought out a new range of mortgages.
Key points include:
- Ttwo-year fixed-rate products at 2.19% and 2.59% on 80% and 85% LTV respectively,
- Three-year fixed-rate 80% LTV product at 2.65%.
In addition, customers taking out a mortgage with Tesco Bank will also receive Clubcard points as they repay their mortgage, collecting one point for every £4 on monthly repayments.
Early Repayment Charges apply during the initial rate period.
David McCreadie, managing director of banking at Tesco Bank, said: “The new products reflect our commitment to offer a range of highly competitive mortgages for Tesco customers.
“At present, customers tend to be looking for great rates at a higher loan-to-value and our new rates respond to this demand, while continuing to offer a range of highly competitive products that reward loyalty.”