Mortgages

TSB cuts mortgage rates by up to 0.2%


TSB cuts mortgage rates by up to 0.2%

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.





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