A raft of new mortgage products has been announced by Tesco Bank.
The provider has expanded its home loan range with a number of new deals, including 60 per cent loan-to-value arrangements for two and five years.
New rates are available from 2.64 per cent for a two-year fixed-rate and 3.19 per cent for a five-year fixed-rate.
The deals include a booking fee of £195 and a product cost of £1,100.
David McCreadie, managing director of banking at Tesco Bank, said the company is delighted to be able to provide these options to their customers.
Mr McCreadie stated: “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.”
Consumers who have a Tesco Clubcard will be rewarded with points when repaying their mortgage, with one point given for every £4 paid off each month.
Tesco Bank – which is the largest supermarket lender in the UK – also revealed it is reducing the mortgage rates across all of the mortgage products currently on offer.
