Tesco bank slashes mortgage product rates
Tesco Bank has announced that it is to slash rates on its 95% LTV mortgage products.
The banks’ fresh 95% LTV product range includes offers such as a two year fixed rate deal from 4.19% and a five year fixed rate at 4.69%.[1]
Additionally, the bank has reduced the rate on a number of its two, three and five year fixed rate deals, alongside their two year tracker products. A 75% LTV two year tracker now starts from 1.25%.[1]
Tesco bank slashes mortgage product rates
Delighted
David McCreadie, Managing Director of Banking at Tesco Bank, stated, ‘we are delighted to widen the options available to customers and first-time buyers in particular by launching these new highly competitive offers. We know it can be difficult for first-time buyers to get on the property ladder and we hope that the new rates on our 95% LTV mortgage products will make it a little bit easier.’[1]
[1] http://www.propertyreporter.co.uk/finance/tesco-announces-cuts-to-ftb-rates.html