The bank has also reduced its 60% LTV 2-year fix to 1.53% with no product fee.
Tesco Bank has launched the market's lowest 5-year fixed rate mortgage at 1.68% to 60% loan-to-value with a £995 product fee.
The bank has also reduced its 60% LTV 2-year fix to 1.53% with no product fee.
David McCreadie, managing director at Tesco Bank, 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.”
