TSB amends resi and BTL product rates

TSB has announced reductions and increases to the product rates in its residential and buy-to-let ranges.

Notable cuts include the 60 per cent LTV five-year fix from 1.94 per cent to 1.84 per cent. This product is for remortgage only and comes with free legals or £300 cashback.

In addition, the 75 per cent LTV three-year fixed rate BTL product has been reduced from 2.44 per cent to 2.34 per cent. This offering is for remortgage only, has a £995 product fee, and comes with free legals or £300 cashback.

The 75 per cent LTV five-year fix BTL offer has been sliced from 2.44 per cent to 2.34 per cent. This product is for remortgage only, has a £1,995 fee, and comes with free legals or £300 cashback.

Meanwhile, the 95 per cent LTV two-year fix has been increased from 3.14 per cent to 3.19 per cent, and the 90 per cent three-year fix from 2.49 per cent to 2.54 per cent.

Both products are for house purchase only and do not include a fee.

TSB head of mortgages Nick Smith comments: “The reductions in our residential and BTL ranges, combined with free legals or £300 cashback on our remortgage range, means that TSB offers some of the most competitive deals on the market.”

Recommended

TSB store front 700 x 450

TSB launches new BTL products and cuts rates

TSB has launched a range of new buy-to-let deals and cut rates on many products. The reductions include a cut in the cost of the 75 per cent LTV two-year fix from 2.24 per cent to 2.19 per cent. The three-year fixed rate has come down from 2.54 per cent to 2.49 per cent and […]

Business-Handshake-Finance-Deal-700.jpg

Cambridge partners with Sesame and PMS

Cambridge Building Society has announced a partnership with Sesame and PMS. The partnership will see Sesame and PMS offer the building society’s buy-to-let mortgage range. Applicants will be assessed using a stress rate of 4.59 per cent with rental coverage of 125 per cent on BTL like-for-like remortgages, according to the firm. Cambridge Building Society […]

1

How do we tackle the development slowdown?

Steve Larkin, Director of Development Finance, LendInvest One of the current frustrations of the housing market is the significant number of development deals being delayed, rather than pushing on towards completion. Last month, Blane Perrotton of Naismiths organised a roundtable event, hosted at LendInvest offices and attended by lenders Maslow, Octopus, Shawbrook, Paragon, Close Brothers, […]

Newsletter

News and expert analysis straight to your inbox

Sign up