Tesco Bank has reduced rates across its purchase and remortgage ranges.
For a 2-year fixed rate homemover without a fee, there’s two mortgages both with a £500 cashback, a 95% LTV at 3.18% and 90% LTV at 2.27%. There are two 3-year fixed rate remortgages with a £995 fee, a 90% LTV mortgage at 2.27% and 85% LTV product at 2.05%.
In addition, there are two 5-year fixed rate homemover without a fee that come with a £1,000 cashback, a 95% LTV at 3.60% and 90% LTV at 2.70%. And again without a fee but coming with a £750 cashback there are two 50 year fixed rate remortgage products at2.64% to 90% LTV and 2.37% to 85% LTV
All products will move onto the Tesco Bank standard variable rate (currently 4.04%) at the end of the initial fixed rate period. Early repayment charges may apply during the initial fixed rate period.
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.”
Flexible hours. Work from home. Be your own boss. WATCH THIS VIDEO NOW.