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TSB cuts high LTV rates by up to 40bps

TSB store front 700 x 450

TSB has cut its rates by up to 40 basis points for borrowers with a small deposit.

It has cut a 90 per cent LTV home mover two-year fix by 40 basis points to 2.79 per cent, with a £995 fee. A fee-free version has been cut by the same amount to 3.19 per cent.

The lender has also cut a 95 per cent LTV home mover two-year fix by 20 basis points to 3.59 per cent, with a £995 fee. A fee-free version has been cut by the same amount to 3.89 per cent.

TSB has also trimmed a number of 90 and 95 per cent home mover five-year fixes by up to 25 basis points and two 10-year fixes by up to 20 basis points.


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TSB blasts big banks’ “stranglehold” in Q1 results

TSB chief executive Paul Pester has called on the Competition and Markets Authority to break the “stranglehold” of big UK banks. In the firm’s first quarter results, published today, Pester says TSB is already taking customers from big banks, but that the sector was still uncompetitive. He says: “So, whilst I think TSB is doing […]

TSB store front 700 x 450

TSB cuts B2L rates by up to 35bps

TSB is cutting rates by up to 35 basis points on its buy-to-let range and 30 basis points on its residential products. The buy-to-let cuts will apply to the lender’s two-, three- and five-year terms, including the following: TSB’s residential rates will see cuts of up to 30bps. The biggest reduction will be the lender’s […]

TSB store front 700 x 450

TSB merges intermediary and direct teams

TSB is merging its intermediary and direct mortgage distribution teams into one unit to help standardise customer experience of the lender. Roland McCormack, who is currently TSB’s intermediary mortgage director, will lead the unit in his new role as mortgage distribution director. McCormack has TSB partners Andy Sykes and Beverley Bradford as head of national […]


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