TSB launches 5-year fixes

Michael Lloyd

September 27, 2019

TSB has launched 5-year fixed mortgages for house purchases.

Up to 75% loan-to-value (LTV) TSB are offering a rate of 1.54%.

Between 75% and 85% LTV offer a 1.79% deal with both products coming with a £1,495 product fee.

Rates on its 10-year fixed house purchase and remortgage products with 10-year ERCs have been reduced by 0.05%.

Nick Smith, TSB’s head of mortgages, said: “More and more of our customers are now opting for longer-term fixes so today’s changes will be very welcome news.

“The mortgage market is currently very competitive – and it is likely to remain so over the coming months as many people will be coming off their existing fixed rate products and they will be looking to remortgage onto new deals.”

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