Tesco Bank makes rate cuts

Tesco Bank has made rate cuts across its 2 and 5-year fixed rate ranges.

Tesco’s 2-year fixes stand at 1.78% to 80% loan-to-value and 1.88% to 85% LTV, both with no product fee.

Meanwhile the lender’s 5-year fixes now stand at 1.94% to 75% LTV and 2.11% to 80% LTV for house purchase and 1.99% to 75% LTV and 2.14% to 80% LTV for remortgage, all with a £995 product fee.

David McCreadie, managing director at Tesco Bank, said: “At Tesco Bank, we want to help customers to buy or remortgage their home, and we are pleased to introduce our new reduced rates on a selection of our 2-year and 5-year mortgage products.

“Alongside our competitive rates, we also offer customers the unique added benefit of collecting Clubcard points on their mortgage repayments.”

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