Tesco announces cuts to FTB rates

Tesco Bank has announced this morning that it is cutting rates on its 95% LTV mortgage products.

Related topics:  Finance
Warren Lewis
15th June 2015
Tesco

The new 95% LTV range is offering a 95% 2 year fix from 4.19%, and a 5 year fixed rate at 4.69%

The bank has also cut the rate on some of its 2, 3 and 5 year fixed rate and 2 year tracker products, with a 75% LTV two year tracker starting from 1.25%.

David McCreadie, Managing Director, Banking at Tesco Bank, commented: “We are delighted to widen the options available to customers, and first-time buyers in particular, by launching these new highly competitive offers. We know it can be difficult for first-time buyers to get on the property ladder, and we hope that the new rates on our 95% LTV mortgage products will make it a little bit easier.”

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