Tesco Bank has brought out a new range of mortgages.

Key points include:

• Ttwo-year fixed-rate products at 2.19% and 2.59% on 80% and 85% LTV respectively,
• Three-year fixed-rate 80% LTV product at 2.65%.

In addition, customers taking out a mortgage with Tesco Bank will also receive  Clubcard points as they repay their mortgage, collecting one point for every £4 on monthly repayments.

Early Repayment Charges apply during the initial rate period.

David McCreadie, managing director of banking at Tesco Bank, said: “The new products reflect our commitment to offer a range of highly competitive mortgages for Tesco customers.

“At present, customers tend to be looking for great rates at a higher loan-to-value and our new rates respond to this demand, while continuing to offer a range of highly competitive products that reward loyalty.”