Tesco Bank is removing all booking fees from its mortgages.

The move comes as the bank lowers the rates on its 95% LTV fixed-rate products and makes its 95% LTV mortgages available through brokers for the first time.

David McCreadie, managing director at Tesco Bank, said: “We aim to make banking as simple as possible for customers. We’ve listened to feedback and I am pleased that we have been able to simplify our range by removing booking fees to make the fee structure easier for customers.

“Widening our distribution to make 95% LTV mortgages available through brokers will also allow us to serve more customers, many of whom will be taking that important first step on the property ladder.”