TSB expands buy-to-let range
Its 60% LTV 3-year fixes for remortgage customers now stand at 3.04% with a £1,995 fee, 3.24% with a £995 fee and 3.44% with no fee.
To 70% LTV meanwhile 3-year fixes are 3.84% with a £1,995 fee, 4.04% with a £995 fee and 4.24% with no fee.
For homebuyers TSB has unveiled three 60% LTV 2-year fixes at 2.24% with a £1,999 fee, 2.64% with a £995 fee and 3.04% with no fee.
Roland McCormack, TSB intermediary director, said: “I’m delighted to announce that we are rolling out the next stage of our buy-to-let offer.
“With every milestone we reach, more brokers are able to benefit from our expert-to-expert service, making it easier for landlords wanting to take out a TSB mortgage.”
In order to attract landlords with smaller property portfolios the bank has also introduced a minimum income requirement of £25,000 a year for buy-to-let applications, while self-employed applicants will also need to have been trading for a minimum of one year.