TSB doubles cashback on high-LTV loans

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TSB has doubled its cashback on mortgages from 85 to 95 per cent LTV from £250 to £500.

The bank has also changed pricing on some of its home mover and remortgage range, raising some rates by up to 0.20 per cent and cutting others by up to 0.15 per cent.

The 0.20 per cent rise applies to products including a home mover five-year fixed rate from 80-85 per cent LTV with a £995 fee, now 2.29 per cent.

The 0.15 per cent cut has been made to loans including a 90-95 per cent LTV home mover five-year fixed rate, now 4.24 per cent with no fee.

TSB has also introduced several new products.

These include a five-year fixed rate remortgage at up to 90 per cent LTV with a £995 product fee.

The range also has a new ten-year fixed rate remortgage and home buyer product with a ten-year early repayment charge.

The lender is also bringing in new shared ownership and shared equity products for remortgage borrowers and home buyers.

These include shared ownership home mover two-year fixed rates from 0 to 95 per cent LTV, with fee and fee-free options and rates from 1.69 per cent.

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