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Tesco Bank cuts fixed rates

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  • 17/08/2017
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Tesco Bank cuts fixed rates
Tesco Bank has cut rates across a range of its fixed-rate remortgage and home purchase loans.

The deals are available on two-, three- and five-year products between 60% and 90% loan to value (LTV), with either no fee or a £995 fee.

Two new five-year fixed-rate remortgage products have been introduced: a 75% LTV at 1.99% with no fee; and an 80% LTV at 1.94% with £995 fee.

Moneyfacts confirmed that while the new products were near the best in the market, deals from Atom Bank remained available at lower rates for the same fees.

In total Tesco Bank has amended 16 deals.

Tesco Bank managing director David McCreadie (pictured) noted that more customers were continuing to consider longer-term mortgage deals.

“As an extra little help, Tesco Bank Mortgage customers can also collect Clubcard points on their mortgage repayments,” he added.

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