Tesco Bank has cut rates on a number of its fixed rate and tracker products.
New deals include:
- Two-year and three-year fixed-rate 85% LTV products, at 2.79% and 2.99% respectively.
- Two-year and three-year fixed-rate 80% LTV products, at 2.29% and 2.69% respectively.
- A five-year fixed-rate 60% LTV product at 2.79%.
In addition, 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.
David McCreadie, managing director, banking at Tesco Bank, said: “We want to be the bank for Tesco customers by delivering a choice of good value products that reward loyalty.
“Our new rates are amongst some of the lowest we have ever offered, and I am particularly pleased that customers continue to be rewarded with Clubcard points on their repayments.”