Michael Lloyd

January 22, 2020

TSB has reduced rates within its residential range for purchases and remortgages.

The 5-year fix available from 75% to 85% LTV which comes with a £995 fee, has had its rate cut by 0.10%.

There are two 10-year fixes, a product available up to 85% LTV with a 5-year ERC that has seen its rate drop by up to 0.20% and a mortgage with 10-year ERCs available up to 75% LTV which has seen its rate cut by 0.05%.

The product end dates have been moved to the end of May.

Nick Smith, head of mortgages at TSB, said: “The house purchase and remortgage markets remain very strong.

“There are many homeowners in the UK whose fixed rate deals are about to come to an end, so I’m sure that these rate reductions will be a welcome addition to our product range.”

The lender has withdrawn its 5-year fixed purchase and remortgage products available from 75% to 85% LTV.

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