You are here: Home - Mortgages - Buy To Let - News -

Tesco Bank makes first mortgage range cuts

0
Written by:
04/09/2012
Tesco Bank has made the first set of rate reductions to its recently launched mortgage range.

The lender, which launched its first set of mortgages last month, has made changes to a number of fixed and tracker mortgages in its range.

Tesco Bank’s two-year fixed rate mortgage has been cut from 3.19% to 2.99% while its three-year fix is lowered by 0.41% to 3.28%. A five-year fix has also been reduced by 0.5% to 3.39%.

All three new products are available up to 70% LTV with a £195 booking fee and £800 product fee.

A two-year tracker has also been reduced to 2.95% and is available up to 70% LTV with the same fees. All products are open to homebuyers and remortgage customers.

Tesco Bank customers will continue to be rewarded with Clubcard points as they repay their mortgage at a rate of one point for every £4 repaid on their monthly mortgage.

David McCreadie, managing director of banking at Tesco Bank, said: “We’re pleased to offer customers some good news by reducing our rates to as low as 2.95%.

“Today’s rate changes once again underline Tesco Bank’s commitment to offering highly competitive banking products which meet our customers’ needs today and as they continue to bank with us into the future.”

Tag Box

Debt

Pension

Spending

Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Which ISA is right for you? A round up of the six products available in 2017

From cash to innovative finance to lifetime, here's our guide to the ISA products available to savers this yea...

Guide to buy-to-let tax changes

In late 2015, former Chancellor George Osborne announced a range of  tax measures aimed at landlords, which t...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Five fund tips for a 0.25% interest rate environment

With interest rates stuck at a record low 0.25% and expectations rates could fall to close to zero, here are ...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Investing your money

Alliance Trust Plc gives you smart insight into how to invest your money

Money Tips of the Week

Read previous post:
2202782-terrace
Hinckley & Rugby targets Midlands first-time buyers

Hinckley & Rugby Building Society has launched a first-time buyer mortgage for properties in the Midlands.

Close