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Tesco bank slashes mortgage product rates
This article is an external press release originally published on the Landlord News website, which has now been migrated to the Just Landlords blog.
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
