Tesco announce cuts to homemover and remortgage rates

Warren Lewis
14th February 2019

Tesco Bank has announced that it has cut rates on products that are part of its its homemover and remortgage ranges.

According to the lender, two-year fixed rate homemover products are now available from 2.27% at 90% LTV and 3.18% at 95% LTV with £500 cashback and no fees. Five-year homemover rates have been reduced to 2.70% at 90% LTV and 3.60% at 95% LTV with £1,000 cashback and no fees.

Tesco Bank also announced that new three-year remortgage products with a £995 fee include an 85% LTV product at 2.05% and a 90% LTV at 2.27%.

Fee-free five-year fixed remortgage rates start at 2.37% at 85% LTV and 2.64% at 90% LTV with £750 cashback.

Julian Hartley, director of mortgages, savings and loans, said: “At Tesco Bank we strive to offer customers great value mortgages and outstanding customer service. Today, I am delighted to announce further reductions in our rates across our range of house purchase and remortgage products, ensuring that Tesco Bank mortgages remain amongst the most competitive for customers.”

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