Tesco Bank introduces new 5 year fixed rate remortgage

Edinburgh-based Tesco Bank has introduced a new market-leading 5 year fixed rate remortgage product to help make it easier for customers who are looking to remortgage their home.

The Bank, which employs more than 2000 staff at its headquarters in the Scottish capital, has also reduced the rate on one of its 2 year fixed rate remortgage products.

The new remortgage products available through Tesco Bank and Tesco Mortgage Intermediaries can be viewed here.

Managing director at Tesco Bank, David McCreadie, said: “We are pleased to introduce our new market-leading 5 year fixed rate product for customers who are looking to remortgage their home, helping them to make their money go that little bit further. As an extra little help, all customers also collect Clubcard points on their mortgage repayments giving them access to the great benefits provided by Tesco Clubcard partners including family meals and days out.”