TSB has made reductions to its mortgage rates for residential and buy-to-let borrowers by up to 0.2%.
Across its residential range, TSB is lowering pricing for two-, three- and five-year fixed deals by as much as 0.15% for first-time buyers and home movers up to 85% loan to value (LTV).
Its five-year fixed remortgage up to 90% LTV will also be reduced by as much as 0.2%.
For buy-to-let borrowers, TSB is cutting mortgage rates by up to 0.1% on two-year fixed purchase products up to 60% LTV. Similar reductions have been made to two-year fixes between 60 and 75% LTV with £995 and £1,995 fees.
Its two-year fixed remortgage for buy-to-let borrowers with a £1,995 fee up to 75% LTV has been cut by 0.1%.
A larger reduction of up to 0.15% has been made to TSB’s five-year fixed purchase and remortgage options for buy-to-let borrowers up to 75% LTV. This applies to products with no fee or with a £995 fee.
Across its product transfer range, TSB is cutting residential three- and five-year fixed mortgage rates by up to 0.15%, and two- and five-year fixes for buy-to-let borrowers by as much as 0.15%.
On its additional borrowing products, the lender is reducing residential three- and five-year fixed mortgage rates, as well as buy-to-let two- and five-year fixed rates by up to 0.15%.
TSB has also launched three-year fixes for first-time buyers, home movers and remortgage borrowers with a £495 fee. Rates start from 4.75%.
The lender asked borrowers to submit applications for existing products by the end of 15 July.
Last week, TSB added three-year fixed rate options with a £1,495 fee.
Shekina is the deputy editor at Mortgage Solutions and commercial editor at Mortgage Solutions and Specialist Lending Solutions. She has nearly eight years of experience in the B2B publishing market, having previously covered the hospitality, retail, pet, accounting and jewellery sectors.
Shekina has worked for Mortgage Solutions and Specialist Lending Solutions for almost five years. Here, she covers the market’s breaking news stories, engages with professionals in the sector, and oversees any commercially agreed content in partnership with mortgage-related companies.
This includes presenting webinars and hosting roundtable discussions on developing themes in the mortgage sector.
She is an NCTJ-trained journalist and was nominated for the Headline Money Awards Mortgage Journalist of the Year in 2021.
In her spare time, Shekina likes to read, travel, listen to music and socialise with friends.
She currently reports on current events in the mortgage market and liaises with financial clients to produce sponsored content.
Follow her on Twitter at @ShekinaMS
