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Tesco Bank cuts mortgage rates

Martin Greenland | 13:25 Thursday 14th February 2019

Tesco Bank has reduced rates across its residential mortgage range.

The specialist bank has made changes to its two-year fixed rate homemover, three-year fixed rate remortgage, five-year fixed rate homemover and five-year fixed rate remortgage ranges.

The new rates

Two-year fixed rate homemover (no fee) available until 30th April 2021:
95% LTV at 3.18% with £500 cashback
90% LTV at 2.27% with £500 cashback

Three-year fixed rate remortgage with £995 fee until 30th April 2022: 
90% LTV at 2.27%
85% LTV at 2.05%

Five-year fixed rate homemover (no fee) until 30th April 2024:
95% LTV at 3.60% with £1,000 cashback
90% LTV at 2.70% with £1,000 cashback

Five-year fixed rate remortgage (no fee) until 30th April 2024: 
90% LTV at 2.64% with £750 cashback
85% LTV at 2.37% with £750 cashback

“At Tesco Bank, we strive to offer customers great value mortgages and outstanding customer service,” said Julian Hartley, director of mortgages, savings and loans at Tesco Bank.

“…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 among the most competitive for customers.”

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