Tesco cuts 95pc LTV rates

Sarah Davidson

June 15, 2015

The new rates include a 4.69% for the 95% LTV fixed for five years with no product fee; a 1.25% for the 75% LTV 2-year tracker product with £800 product fee; and a 4.19% for the 95% LTV fixed for two years with no product fee.

The bank has also cut the rate on some of its 2, 3 and 5-year fixed rate and 2-year tracker products.

David McCreadie, managing director, banking at Tesco Bank, said: “We know it can be difficult for first-time buyers to get on the property ladder, and we hope that the new rates on our 95% LTV mortgage products will make it a little bit easier.”

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