TSB launches new products and reduces interest rates

Jessica Nangle

September 29, 2017

TSB has launched new products and reduced interest rates by up to 0.25% on mortgages for homemovers and remortgage borrowers.

Roland McCormack, mortgage distribution director, said:  “Our new mortgages and rate reductions are an example of us helping more people to borrow well and they are a welcome step for those looking to fix their monthly payments for a longer period of time.”

A summary of the new products is as follows:

  • New 3-year fixed rates for homemovers and remortgage borrowers, starting from 1.39% at 0-60% LTV.
  • New 10-year fixed rates with 10-year ERC for homemovers and remortgage borrowers, starting from 2.34% at 0-60% LTV.
  • New £0 fee products for all buy to let mortgages for homemovers and remortgage borrowers.
  • New 2-year fixed rate, 3.99% at 90-95% LTV, for home movers.

The rate reductions affect the following products:

  • 2-year fixed rates for homemovers across all LTVs – reduced by up to 0.20%.
  • 5-year fixed rates for homemovers at 85-95% LTV – reduced by up to 0.20%.
  • 10-year fixed rates for homemovers and remortgage borrowers at 0-85% LTV – reduced by up to 0.15%.
  • 2-year fixed rates for remortgage borrowers at 60-90% LTV – reduced by up to 0.20%.
  • 5-year fixed rates for remortgage borrowers across all LTVs – reduced by up to 0.25%.

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