View more on these topics

TSB pauses lending on some three- and ten-year fixes

Danger-Stop-Warning-Sign-700x450.jpg

TSB has paused lending on loans including its three-year fixed rate house purchase and ten-year fixed rate purchase and remortgage products.

The firm has made the decision to slow down its lending to help it move onto a new banking platform later this year.

A TSB spokesperson says: “However, we expect to reverse this slowdown as we reach the end of 2017 and move into 2018.”

Last month TSB withdrew some two-year fixed rate mortgages for the same reason.

TSB has also cut the interest rate by 0.10 per cent on its five-year fixed rate at 60-75 per cent LTV for residential remortgage borrowers.

The rate is now 1.79 per cent with a £995 fee.

TSB mortgage distribution director Roland McCormack says: “The interest rate reduction on our five-year fixed rate remortgage product is a welcome step for those looking to fix their monthly payments for a longer period of time.”

Recommended

Business-Handshake-Finance-Deal-700.jpg

Former TSB head of property risk joins Gatehouse

Shariah compliant bank Gatehouse has appointed former TSB head of property risk Paul Stockwell as chief commercial officer. In May, Mortgage Strategy revealed that Gatehouse Bank will launch into the mainstream residential and buy-to-let mortgage market later this year. Prior to TSB, Stockwell worked for Aldermore Bank where he was responsible for all property development, […]

Home-Houses-Different-Mortgage-Rent-700.jpg

TSB pulls two-year residential fixes at high LTVs

TSB has temporarily withdrawn its two-year fixed rate mortgages for residential house purchase borrowers between 85 and 95 per cent LTV. A TSB spokeswoman says the lender is making the move to help it move technology platforms. She says: “As we prepare to migrate to our new, state-of-the-art banking platform later this year, continuing to […]

TSB store front 700 x 450

TSB ups rates on select remortgage and home-mover products

TSB has increased interest rates by up to 0.10 per cent on selected mortgages for remortgage and home-mover borrowers. The changes affect the following mortgages: Five-year fixed rate mortgages for remortgage borrowers on 0-75 per cent LTV: rates increased by 0.05 per cent Three-year fixed rate mortgages for home movers on 85-90 per cent LTV: […]

Newsletter

News and expert analysis straight to your inbox

Sign up