TSB amends product rates

TSB has amended rates on select house purchase and remortgage products.

Notable reductions include the 95 per cent LTV three-year fix cut from 3.24 per cent to 3.04 per cent, and the 95 per cent LTV five-year fix from 3.29 per cent to 3.09 per cent.

The two products are both for purchase only and have a £995 fee.

The lender has also increased rates across a series of products including the 75 per cent LTV 10-year fix from 2.64 per cent to 2.69 per cent, and the 75 per cent LTV 10-year fix from 2.44 per cent to 2.49 per cent.

The former product has a five-year early repayment charge, while the latter has a 10-year ERC. Both deals are for purchase only and do not include product fees.

In addition, the 75 per cent LTV 10-year fix has been upped from 2.64 per cent to 2.69 per cent. This product is for remortgage only, has no fees, and comes with ether free legals or £300 cashback.

TSB head of mortgages Nick Smith says: “The interest rate reductions on our house purchase products offer customers with smaller deposits competitive rates and longer-term security on payments for three- to five-years.”

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