Tesco cuts fixed rates

Ryan Bembridge

January 11, 2017

Tesco Bank has cut a selection of its fixed rate mortgages – as its 2-year fix now costs 1.58% to 60% loan-to-value with no product fee.

The lender is also offering 2-year fixes at 1.89% to 80% LTV with no product fee and 1.48% to 80% LTV with a £995 fee.

David McCreadie, managing director at Tesco Bank, said: “At Tesco Bank, we want to make it easier for customers to take the next steps on the property ladder.

“We’re delighted to kick-start 2017 by reducing the rates on a selection of our mortgage products, helping to make it more affordable for customers to buy or remortgage their home.”

All remortgage products from Tesco Bank also include free valuation and free conveyancing, while customers can collect Clubcard points as they repay their mortgage.

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