TSB has shaken up a number of its mortgage products, increasing cashback and pulling some rates up while reducing others.
In terms of cashback the bank is now offering £500 up from £250 across its shared ownership and shared equity remortgage ranges.
Additionally, reductions within the lenders suite of products range across its two-, three-, five- and ten-year house purchase and remortgage offerings, by up to 0.30 per cent. Specifically, the 75-85 per cent LTV ten-year fix purchase product at 2.89 per cent, and the remortgage at the same LTV with a rate of 2.94 per cent have received this cut.
In contrast there have also been increases across the lender’s two-, three- and five-year fixed products in the house purchase and remortgage range by up to 0.25 per cent.
The 60-75 per cent LTV three-year shared ownership house purchase at 2.34 per cent and the 60-75 per cent LTV three-year fix shared equity house purchase at the same rate have increased. Both products have a fee option of £995, which have also received this rise, bringing the rate down to 2.04 per cent.
TSB head of mortgages Nick Smith says: “TSB is committed to helping people to borrow well and the increase in our cashback offer is another step to helping customers do just that.”