Tesco Bank extends mortgage range

Following its launch into mortgages in August Tesco Bank has expanded its product range and has even joined the sub-3 per cent club.

It has introduced 60% LTV fixed rate mortgages for two years at 2.64 per cent and 3.19 per cent for five years with a product fee of £1,100 plus a booking fee of £195.

In addition, Tesco Bank has reduced its mortgage rates across its existing mortgage products, both fixed rate and trackers, whether customers are remortgaging or buying a new home.

Tesco Clubcard holders are rewarded with Clubcard points as they repay their mortgage, and collect one point for every £4 on their monthly mortgage repayments.

David McCreadie, managing director of banking at Tesco Bank, said: “We are delighted to be extending our mortgage range to offer customers more choice. These products underline Tesco Bank’s commitment to offering great value mortgages that have competitive rates and fees, as well as rewarding customer loyalty with Clubcard points.”