Tesco Bank has launched its lowest-ever tracker rate mortgage as it looks to make it easier for customers to get on to the property ladder.
The bank has also reduced rates on a selection of its two-, three- and five-year fixed rate products as it also looks to help those looking to remortgage their current property.
The bank claims that the new rates include some of the most competitive mortgage products available:
• 0.98% for the 60% LTV two-year tracker with a £1,495 product fee
• 1.92% for the 60% LTV fixed for five years with no product fee
• 2.12% for the 75% LTV fixed for five years with no product fee.
“We are pleased to introduce our new reduced rates on a selection of our two-, three-, five-year and tracker mortgage products to help customers buy or remortgage their home,” said David McCreadie, managing director at Tesco Bank.
“Alongside our competitive rates, we also offer customers the unique added benefit of collecting Clubcard points on their mortgage repayments.”
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