TSB launches cashback option for remortgage products

TSB has announced that its remortgage products will now come with a £300 cashback option as an alternative to free standard legal services.

The new offer applies to the bank’s two-, three-, five- and ten-year fixed rate products.

Additionally, TSB has introduced a selection of new remortgage offerings. In the two-year range, rates start at 1.69 per cent, in the three-year range rates begin at 1.74 per cent, and in the five-year range of new remortgage products, rates begin at 1.94 per cent.

All of the above products are available on up to 90 per cent LTV.

In addition, new 10-year fixes with a five-year ERC are available on up to 90 per cent LTV, starting from 2.69 per cent, and with a 10-year ERC, 2.39 per cent. The latter product’s maximum LTV is 75 per cent.

TSB head of mortgages Nick Smith says: “Some of our brokers have told us that their clients would prefer to choose their own conveyancer when remortgaging.

“So, from today, we’re offering intermediary customers the choice of a free legal package or £300 cashback on all our residential remortgage products.”

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