Today Tesco Bank will be launching their first mortgage products. Tesco Bank’s mortgage range includes two, three and five-year fixed rate mortgages, and a two-year base rate tracker. Rates start at 3.19% (2 year fixed, maximum LTV of 70%) and Tesco Bank offers mortgages up to a maximum of 80% LTV.
All products will move onto the Tesco Bank Standard Variable Rate at the end of the initial fixed or tracker rate period. There is a booking fee of £195 on all products and customers can choose between a £0 or £800 product fee option to suit their needs. Early Repayment Charges apply during the initial rate period.