Tesco Bank launches new direct deals
By Ryan Fowler
Tesco will now offer a new 2-year fixed rate at 2.28% for 60% LTV and a 5 year fix at 2.28%, previously 3.39%, for 70% LTV. Both products are available for a £1,495 product fee.
Other highlights include a new 5-year fix for 80% LTV at 3.79% and the 2-year fix for 70% LTV at 2.39%.
Customers will be able to collect one Tesco Clubcard point for every £4 of their mortgage repayments.
David McCreadie, managing director of banking at Tesco, said: “We are delighted to be offering a new range of competitive mortgages particularly as we enter one of the busier periods for the housing market.
“These products combine competitive rates and fees with the ‘thank-you’ of Clubcard points and underline our commitment to meeting the financial services needs of Tesco customers.”