TSB cuts fixed rates

Michael Lloyd

February 11, 2019

TSB has reduced interest rates by up to 0.10% on its 2-year, 5-year and 10-year fixed rate mortgages for house purchase and remortgage borrowers.

There is a reduction of 0.10% for a 2-year fixed house purchase at 90-95% LTV and for the 5-year fixed remortgage at 60-85% the rate was cut by 0.05%. There was a reduction of 0.05% for the 5-year fixed remortgage (60-85% LTV) and 0.10% for 10-year fixed house purchase and remortgage with 10-year early repayment charge (0-75% LTV).

Nick Smith, TSB’s head of mortgages, said: “TSB continues to offer some of the most competitive deals on the market with its 10-year fixed rate mortgage (0-60% LTV) at 2.29% with a £995 fee, currently rating as a best-buy.

“For those borrowers looking to fix their deals for a little bit longer the 10-year fixed rate mortgage is perfect for homeowners seeking longer term stability and is a good way of protecting against further rate increases, especially at a time of uncertainty.

“Many borrowers like the security of longer-term deals and also don’t want to remortgage every couple of years so our 10-year fixed rate is just another example of us helping more people to borrow well and a welcome step for those looking to fix their monthly payments for a longer period of time.

“This mortgage is fully portable if customers decide to move so not only gives customers certainty but also offers them flexibility.”

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