Michael Lloyd

February 13, 2019

Tesco Bank has reduced rates across its purchase and remortgage ranges.

For a 2-year fixed rate homemover without a fee, there’s two mortgages both with a £500 cashback, a 95% LTV at 3.18% and 90% LTV at 2.27%. There are two 3-year fixed rate remortgages with a £995 fee, a 90% LTV mortgage at 2.27% and 85% LTV product at 2.05%.

In addition, there are two 5-year fixed rate homemover without a fee that come with a £1,000 cashback, a 95% LTV at 3.60% and 90% LTV at 2.70%. And again without a fee but coming with a £750 cashback there are two 50 year fixed rate remortgage products at2.64% to 90% LTV and 2.37% to 85% LTV.

All products will move onto the Tesco Bank standard variable rate (currently 4.04%) at the end of the initial fixed rate period. Early repayment charges may apply during the initial fixed rate period.

Julian Hartley, director of mortgages, savings and loans said: “At Tesco Bank we strive to offer customers great value mortgages and outstanding customer service.

“Today, I am delighted to announce further reductions in our rates across our range of house purchase and remortgage products, ensuring that Tesco Bank mortgages remain amongst the most competitive for customers.”

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