Tesco expands product range

The new rates include 60% loan-to-value 5-year fixes at 1.89% with a £995 fee and 2.14% with no fee.

Tesco Bank has expanded its product range by introducing a selection of 2, 3 and 5-year fixed rate products for homebuyers.

The new rates include 60% loan-to-value 5-year fixes at 1.89% with a £995 fee and 2.14% with no fee.

Also available are 2-year fixes at 1.94% to 80% LTV and 2.13% to 85% LTV, both with no fee.

David McCreadie, managing director at Tesco Bank, said: “We want to make it easier for customers to buy their home, and our new selection of competitive mortgage rates helps to make a new house purchase more affordable for customers as they take their next steps on the property ladder.”