TSB cuts resi and BTL rates

Jake Carter

March 6, 2020


TSB has reduced rates across its residential and buy-to-let mortgage ranges.

Notable cuts include the 60% LTV 10-year fix reduced from 2.54% to 2.44%. This deal is for residential house purchase and includes ERCs for five years.

Looking at remortgages, the 60% LTV 2-year fix has been slashed from 1.49% to 1.39%, and the 60% LTV 3-year fix has been cut from 1.84% to 1.79%.

The former deal includes a £995 fee and £300 cashback, while the latter offering has no fees and free legals.

Within the buy-to-let range, the 60% LTV 5-year fix has been cut from 2.04% to 1.79%, and the 75% LTV 5-year fix has been reduced from 2.29% to 2.09%. Both products include a £1,995 fee.

Furthermore, the lender has introduced a series of products including a 75% LTV five-year fix at 3.34%, and a 75% LTV 10-year fix at 3.34% for remortgage only.

The former deal is for house purchase and both offerings include no fees.

Beverley Bradford, head of intermediary mortgages, TSB, said: “We’ve made a number of changes across our buy-to-let and residential mortgage range with the sole purpose of helping more people borrow well.

“We continue to offer some of the most competitive rates on the market and we want to ensure we offer products that suit our customer’s needs.

“These changes, as well as the introduction of our new 10-year fixed buy to let mortgages, should go some way to offering peace of mind to those looking to fix their monthly payments for any length of time that suit their lifestyle.”

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