TSB cuts cost of fixed-rate deals

TSB has reduced rates by up to 0.2 per cent on a number of its fixed-rate mortgage deals.

The price reductions affect selected two- and five-year mortgage deals in its residential mortgage range.

In recent months, TSB has repriced its fixed-rate deals a number of times, including a widespread revamp in December, which saw changes to both its residential and buy-to-let ranges.

In this latest price cut, the biggest reductions are on TSB’s five-year fixes for remortgage customers. Rates have been cut by 0.2 per cent on LTVs up to 90 per cent.

The bank has also trimmed rates for those looking to purchase a property. Both its two-year fix (at 85-95 per cent LTV) and its five-year fix (60-95 per cent LTV) have  been reduced by 0.1 per cent.

TSB’s mortgage distribution director Roland McCormack says: “These rate reductions are good news for people who are buying their own home, or want to get a better mortgage deal with TSB.”

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