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Tesco Bank trims mortgage rates

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11/09/2015
The latest lender to lower rates in its mortgage range is supermarket lender Tesco Bank.

The lender, which launched into the mortgage market in the summer of 2012, has launched a number of new rates for first-time buyers, home movers and remortgagors.

This range includes a two-year fixed rate deal at 2.39%, available up to 90% loan-to-value.

Other new products include a five-year fix at 2.69% for borrowers with a 20% deposit and a five-year fix at 2.89%, up to 85% loan-to-value.

Qualifying customers can also take advantage of free standard legal fees and the first standard valuation. Clubcard points will also be earned on monthly mortgage repayments.

David McCreadie, managing director of banking at Tesco Bank, said the new products would add more choice to the mortgage market

“We are pleased to launch our new two year and five year fixed rate mortgage products which are among the most competitive on the market, and further widens the options available to customers looking to take the next step on the property ladder,” he said.

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