Rates start at 3.29% for a two-year fixed-rate mortgage and 3.25% for a two-year tracker. Booking fees are £195 and other fees may apply.
Customers with a Tesco club card will also receive a point for every £4 on their monthly mortgage repayments.
Tesco bank managing director David McCreadie said: “We aim to be the financial services provider of choice for Tesco customers by providing great value, good service and rewarding loyalty. We are committed to lending responsibly and our highly competitive mortgage range is now accessible to even more Tesco customers.
“Our mortgage products combine all the hallmarks that customers expect and deserve from a Tesco Bank mortgage; great rates, competitive fees and the added ‘thank-you’ of Clubcard points.”
| Product | Max LTV | Initial Rate | APR | Product Fee | Non-refundable booking fee |
| 2-year Fixed | 85% | 3.29% | 4.2% | £195 | |
| 3-year Fixed | 85% | 3.59% | 4.2% | £1,300 | £195 |
| 5-year Fixed | 85% | 3.69% | 4.2% | £195 | |
| 2-year Tracker | 85% | 3.25% | 4.2% | £800 | £195 |
