TSB has reduced interest rates by up to 0.10 per cent on its two-, five- and ten-year fixed rate mortgages for house purchase and remortgage borrowers.
Highlights include its two-year 95 per cent LTV fix for house purchase being cut by 0.10 per cent from 3.24 per cent to 3.14 per cent. This Includes no product fee.
The lender’s five-year 85 per cent LTV remortgage product has been sliced from 2.34 per cent to 2.29 per cent. This product includes free legal fees and no product fee.
TSB’s ten-year 75 per cent LTV product for house purchase and remortgage has seen cuts of 0.10 per cent from 2.54 per cent to 2.44 per cent. This offer covers legal fees and includes no product fee.
In addition, a ten-year 60 per cent LTV house purchase with 10-year ERC has been cut from 2.39 per cent to 2.29 per cent. This offer includes a product fee of £995.
TSB head of mortgages Nick Smith comments: “For those borrowers looking to fix their deals for a little bit longer the ten-year fixed rate mortgage is perfect for homeowners seeking longer term stability and is a good way of protecting against further rate increases, especially at a time of uncertainty.
“Many borrowers like the security of longer-term deals and also don’t want to remortgage every couple of, a welcome step for those looking to fix their monthly payments for a longer period of time.
“This mortgage is fully portable if customers decide to move so not only gives customers certainty but also offers them flexibility.”