TSB cuts shared ownership rates

Sarah Davidson

June 15, 2015

The range of shared ownership and shared equity mortgages is available on 2-year fixed rate deals up to 90% loan-to-value.

TSB has also cut the rate on its 2-year fee free shared ownership and shared equity mortgage by 0.65% to 2.89% for homebuyers taking out a loan of up to 75% of the value of their property.

Rates for those paying a fee of £995 start from just 2.24% for LTVs up to 60%, and 2.49% up for LTVs of 60-75%.

Homebuyers taking out a loan with an LTV of up to 75% will receive £250 towards the cost of a solicitor carrying out a conveyance on their new home.

A TSB spokesman said: “This will help many homebuyers with the cost of the conveyancing fee on their new home.”

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