Tesco Bank is cutting rates on its 95% LTV mortgage products aimed at first-time buyers.
It claims its new 95% LTV five-year fixed first-time buyer rate is one of the most competitive on the market at 4.69% with no product fee.
Tesco has also cut rates on some of its two, three and five-year fixed rate and two-year tracker products.
New rates include:
4.69% for the 95% LTV fixed for five years with no product fee.
1.25% for the 75% LTV two-year tracker product with £800 product fee.
4.19% for the 95% LTV fixed for two-years with no product fee.
David McCreadie, managing director, banking at Tesco Bank, said: "We are delighted to widen the options available to customers, and first-time buyers in particular, by launching these new highly competitive offers.
"We know it can be difficult for first-time buyers to get on the property ladder, and we hope that the new rates on our 95% LTV mortgage products will make it a little bit easier."
Tesco customers collect Clubcard points as they repay their mortgage, with one point for every £4 on their monthly repayments.
They have the flexibility to make regular or lump sum overpayments of up to 20% of the outstanding balance each year during the initial rate period, without having to pay an early repayment charge
Deals are available for first-time buyers, home movers and those looking to remortgage.
Those remortgaging will also benefit from free standard legal fees and the first standard valuation
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