TSB opens up 95% LTV range to brokers

TSB has started offering 95 per cent LTV mortgages through brokers.

The lender, which launched a direct range of 95 per cent LTV loans in February, has four different products in the range.

There is a two-year fixed rate at 4.49 per cent and a five-year fix at 4.89 per cent, both of which have a maximum loan size of £250,000.

TSB is also offering a three-year stepped product, which has a rate of 3.59 per cent in year one followed by 4.69 per cent in years two and three. The maximum loan size is £250,000 and there is a £995 fee.

The final product is a fee-free 10-year fixed rate that has no early repayment charges after year five. It is priced at 5.34 per cent and has a maximum loan size of £250,000.

TSB intermediary director Roland McCormack says: “The mix of TSB’s mortgages allied to our reliable expert to expert service is proving to be a hit with brokers.

“The introduction of 95 per cent mortgages through TSB Intermediary is the latest milestone in the launch of our intermediary offering.”

TSB opened up its residential range to the broker market in January and its buy-to-let offering in May.