Tesco Bank has unveiled a selection of fixed rate products – including a 60% loan-to-value 5-year fix at 1.88% for remortgage which is currently the cheapest on the market.
Tesco has also launched a number of 2 and 3-year fixes, including an 80% LTV 2-year fix at 1.74% and a 90% LTV 2-year fix at 2.99%.
Home purchase products include a 2-year fix at 2.14% with a £995 fee and 2.49% with no fee, as well as 85% LTV 5-year fixes at 2.29% with a £995 fee and 2.45% with no fee.
David McCreadie, managing director at Tesco Bank, said: “We are always looking to deliver great value mortgages and so as more customers look to take fixed rate mortgages, I am delighted that we can respond by offering these market-leading rates as well as reducing our rates on a selection of our 2 year, 3 year and 5 year products to help customers’ money go that little bit further.
“As an extra little help, Tesco Bank Mortgage customers also collect Clubcard points on their mortgage repayments giving them access to the great benefits provided by Tesco Reward partners including family meals and days out.”