TSB amends house purchase and remortgage rates

TSB has cut and increased rates across its house purchase and remortgage ranges.

Notable increases include the 95 per cent LTV two-year fix for home purchase increased from 2.79 per cent to 2.84 per cent.

The 90 per cent LTV three-year fix for purchase only has also been increased, from 2.34 per cent to 2.39 per cent. Both products include a £995 product fee.

Meanwhile, the lender has cut rates on the 80 per cent LTV five-year fix purchase only product, from 2.09 per cent to 2.04 per cent.

Furthermore, within the lender’s remortgage range, it has cut rates on the 60 per cent LTV two-year fix from 1.69 per cent to 1.64 per cent.

This product comes with a £995 product fee and free legals, or without free legals and £300 cashback.

Another highlight is the 85 per cent LTV five-year fixed rate remortgage product which has been cut from 2.34 per cent to 2.29 per cent.

This offering has no product fee and free legals, or without free legals and £300 cashback.

TSB head of mortgages Nick Smith comments: “Today’s selected rate reductions in our residential range are ideal for borrowers looking to buy a new home or for those wishing to remortgage as we enter spring.”

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