TSB makes changes to product transfer range

Jessica Nangle

October 25, 2019

TSB is making changes to its product transfer (PT) range, including its buy-to-let PT range being refreshed with new loan bandings.

Other key highlights include reductions to its 2 and 5-year residential PT range by 0.05 and 0.10% respectively.

For the residential 10-year fix PT range, TSB is reducing the 60-75% LTV rate by 0.05% and it’s 0-75% LTV offering by 0.10%.

The 60-75% LTV offering has five-year early repayment charges (ERC), whilst the 0-75% LTV range has 10-year ERC.

Nick Smith, head of mortgages at TSB, said:  “Many borrowers are coming off existing fixed rate products and they are looking for attractively priced products to move on to.

“Today’s changes give our borrowers a wide choice of very competitively priced two, five, and 10-year fixed rate deals.”

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