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TSB cuts rates by up to 0.6 per cent

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TSB has cut rates across its range by up to 0.6 per cent.

A wide range of TSB’s two-year and five-year fixed rate mortgages for first time buyers and homemovers have been reduced – with some being cut by up to 0.6 per cent.

Some of TSB’s three-year fixed rate and two-year tracker mortgages have also been reduced.

TSB has also launched some new affordable housing five-year fixed rate products with rates from 2.79 per cent with no product fee, or 2.54 per cent with a product fee of £995.

Remortgagors could also opt for a two-year fixed rate mortgage from 2.39 per cent with no product fee, or 1.99 per cent with a product fee of £995.

TSB mortgage distribution director Roland McCormack says: “Today’s rate reductions maintain TSB’s position as a competitive lender across the market, with our signature outstanding broker service.

“The launch of our new products offers homeowners even more choice at TSB, helping even more people borrow well.”

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