Tesco Bank launches new mortgage range

Edinburgh-based challenger bank Tesco Bank is aiming to help more customers buy their home with the launch of a new range of mortgage products.

This includes 95 per cent and 90 per cent LTV options for both house purchases and remortgages.

The announcement comes as the lender, which employs more than 2000 staff at its headquarters in the Scottish capital, has also reduced a number of its mortgage rates.

Julian Hartley, director of mortgages, Savings and Loans, said: “We are delighted to launch a new range of mortgage products, while also reducing a number of our mortgage rates. This illustrates our continued commitment to offering our customers great value products that they can rely on. As an extra little help, Tesco Bank mortgage customers can also collect Clubcard points on their monthly mortgage repayments, giving them access to a great range of Clubcard Reward Partners.”