The lender now offers a five-year fixed rate mortgage at 2.11%, as well as a three-year fix of 1.93% both at a loan to value (LTV) of 80% and with no product fees.
Tesco Bank is also offering a two-year fixed rate at 2.27% for 90% LTV borrowers.
Julian Hartley, director of mortgages, savings and loans said: “I am delighted to be launching a new range of mortgage rates today, reducing the rates on a number of our two-year, three-year and five-year fixed rate mortgage and remortgage products while offering one of the most competitive five-year fixed rate mortgages on the market.
“This new range illustrates our continued commitment to offering our customers great value products they can rely on.
“As an extra little help, Tesco Bank Mortgage customers can also collect Clubcard points on their monthly mortgage repayments, giving them access to a great range of Clubcard Reward Partners.”