Tesco Bank makes rate cuts

Other 5-year fixes stand at 2.44% to 75% LTV, 2.53% to 80% LTV and 2.74% to 85% LTV, all with an £800 fee.

Tesco Bank has cut rates across its ranges – with 5-year fixes including a rate of 2.24% to 60% loan-to-value with no fee.

Other 5-year fixes stand at 2.44% to 75% LTV, 2.53% to 80% LTV and 2.74% to 85% LTV, all with an £800 fee.

Tesco has also cut 2 and 3-year fixes in addition to 2-year trackers, which start at 1.35% to 60% LTV with an £800 fee.

David McCreadie, managing director, banking, at Tesco Bank, said: “We want to make it easier for customers to buy their home, and our new reduced mortgage rates not only helps to make this more affordable, but having them available through brokers further widens the options open to customers looking to take the next step on the property ladder.”