Tesco Bank has added new mortgage rates across its range of mortgage products.
In addition, Tesco Bank is also now offering a new 1.99% two-year fixed rate mortgage at 60% LTV.
Tesco Bank product range:
| Product | Max LTV | £1,600 Product Fee Option
Initial Rate
|
APR | Non-refundable booking fee |
| 2 Year Fixed | 60% | 1.99% | 4.0 | £195 |
| Product | Max LTV | £1,300 Product Fee Option
Initial Rate
|
APR | £0 Product Fee Option Initial Rate | APR | Non-refundable booking fee |
| 2 Year Fixed | 70%
75%
80%
|
2.29%
(previously 2.39%)
2.59%
(previously 2.89%)
3.19%
(previously 3.39%)
|
4.0
4.1
4.2
|
2.69%
(previously 2.79%)
2.99%
(previously 3.29%)
3.59%
(previously3.79%)
|
4.0%
4.1%
4.2%
|
£195
|
| 3 Year Fixed | 75%
80%
|
2.49%
(previously 2.79%)
3.49%
(previously3.79%)
|
3.9
4.2
|
2.79%
(previously 3.09%)
3.79%
(previously 4.09%)
|
3.9%
4.2%
|
£195
|
| 5 Year Fixed | 70%
75%
80%
|
2.79%
3.19%
(previously 3.69%)
3.69%
(previously 3.79%)
|
3.8
4.0
4.2
|
3.19%
(previously 3.29%)
3.59%
(previously 4.09%)
4.09%
(previously 4.19%)
|
3.9
4.1
4.3
|
£195
|
| 2 year Tracker | 70%
75%
80%
|
BoE +2.45%
BoE +2.69%
BoE +3.29%
|
4.2%
4.2%
4.3%
|
BoE +2.95%
BoE +3.19%
BoE +3.79%
|
4.2
4.2
4.3
|
£195
|
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 of banking, said: “I am delighted that these rate reductions make Tesco Bank mortgages some of the most competitive on the market.
“We want customers to be able to choose from a range of mortgages that combine great rates, good service with the ‘thank you’ of Clubcard points, and believe our new products allow customers to do just that.”