TSB launches buy-to-let tracker and increases resi remortgage rates
TSB has launched a 2-year buy-to-let tracker product for remortgage and house purchase borrowers with no early repayment charge and has increased some rates in its residential remortgage range.
In its residential remortgage range the 5-year fixed rate up to 60% LTV rose by 0.1%,while the 5-year fixed rate from 60% to 75% LTV increased by 0.05%.
TSB also increased minimum loan size from £5,000 to £25,000 for 2-year, 3-year, 5-year and 10-year fixed rates up to 60% LTV, which all comes without a product fee and a 10-year early repayment charge.
Nick Smith, TSB’s head of mortgages, said: “The buy-to-let market continues to play a significant role in the UK’s housing market. So, from today, we’re delighted to offer our new 2-year product to further support landlords looking to remortgage or invest in a property.”