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.”
