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TSB reduces mortgage rates by up to 0.35%

TSB has reduced interest rates by up to 0.35 per cent on mortgages for residential, home purchase and remortgage borrowers.

Changes applied include reductions of up to 0.35 per cent on five-year fixed deals up to 95 per cent LTV in its house purchase range; reductions of up to 0.25 per cent on two-year fixes up to 90 per cent LTV; and up to 0.30 per cent on five-year fixes up to 90 per cent LTV for remortgage borrowers.

Reductions of up to 0.20 per cent have also been made on two-year fixed (0-95 per cent LTV) on its house purchase range.

TSB head of mortgages Nick Smith says: “The interest rate reduction on our fixed rate house purchase and remortgage products is a welcome step for those looking to fix their monthly payments for a longer period of time.

“TSB is committed to helping people to borrow well and this rate reduction is an example of us doing exactly that.”

The Bank is also reintroducing its three-year fixed house purchase and remortgage ranges  for intermediary only.

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