TSB cuts remortgage 5-year fixes

TSB has reduced 5-year fixed rate mortgages by between 0.05% and 0.10%.

After the changes products stand at 1.69% (-0.10%) to 60% LTV, 1.89% (-0.05%) to 75% LTV and 1.99% (-0.10%) to 80% LTV, all with a £995 fee.

The lender has also withdrawn its 2-year fix for purchase borrowers to 95% LTV, though it said this would be temporary.

Roland McCormack (pictured), mortgage distribution director at TSB, said: “The interest rate reductions on our five-year fixed rate remortgage product are great news for those looking to fix their monthly payments for a longer period of time.

“TSB is committed to helping people to borrow well and these rate reductions are an example of us doing exactly that.”