TSB reduce rates across products

TSB has cut its rates by up to 0.25% on a selected number of mortgage products in an effort to increase their presence in the buy-to-let market by offering more competitive deals.

Fresh products include two-year fixed rates for home movers and remortgage borrowers with rates reduced by between 0.2% and 0.25%.

Meanwhile the three-year fixed rate for home movers and remortgage borrowers has been cut between 0.1% and 0.15%, excluding the no fee 60% loan-to-value (LTV) product.

TSB has also reduced the five-year fixed rate product for home movers and remortgage borrowers by between 0.15% and 0.25%.

The two-year tracker rate for home movers and remortgage borrowers has been reduced by between 0.2% and 0.25%.

Roland McCormack, TSB’s mortgage distribution director, commented: “TSB helped over 14,000 people with their mortgages in the first three months of 2017 and provided £2.2bn of new mortgage loans.

“We are committed to helping people borrow well and these rate cuts across the LTV ranges are an example of us doing exactly that.”

Want to comment on this story? Our focus is on providing a platform for you to share your insights and views and we welcome contributions.
If any post is considered to victimise, harass, degrade or intimidate an individual or group of individuals, then the post may be deleted and the individual immediately banned from posting in future.
Please help us by reporting comments you consider to be unduly offensive so we can review and take action if necessary. Thank you.