TSB cuts interest rates by up to 0.1%

Michael Lloyd

February 4, 2019

TSB has reduced interest rates by up to 0.1% on its 5-year fixed rate mortgages for mortgages for residential and remortgage borrowers.

The 5-year fixed house purchase from 75% to 85% LTV has been cut by 0.05% while the 5-year fixed remortgage up to 60% LTV has been reduced by 0.1%.

The bank has also increased the rate on its 3-year fixed house purchase mortgage (85 – 90% LTV) with a £995 fee by 0.2%.

Nick Smith, TSB’s head of mortgages, said: “We are seeing more and more of our borrowers fixing for a longer period, so these rate reductions will be very welcome for many of our borrowers.”

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