TSB reprices fixed-rate deals again

TSB have repriced many of its fixed rate mortgages, with changes to its home mover, remortgage, buy-to-let and shared ownership deals.

This is the fifth time since August that the challenger bank has repriced its fixed-rate mortgage range.

Those looking for a shared ownership or shared equity mortgage will see the cost of a two-year fix fall from between 0.2 and 0.25 per cent.

Rates start from 1.99 per cent for home movers who have at least a 25 per cent deposit. There are no additional arrangement fees on these shared ownership and shared equity mortgages.

In its buy-to-let range, TSB has introduced a range of new two-year fixes with a £995 fee. These are available to purchases and those remortgaging and start from 1.79 per cent – for those purchasing with a 40 per cent deposit.

There have been some price increases and some reductions across its range of residential two-year, three-year and five-year fixed rate mortgages.

For example its three-year fixes for homemovers have all increased by 0.1 per cent across the different LTV bands.

Home movers looking for a five-year fix will see rates increase by 0.05 per cent up to 75 per cent LTV, but those with smaller deposits have seen rates cut by the same margin.

The lender’s five-year fixed-rate deals for remortgaging have all been cut by 0.05 per cent and now start at 2.04 per cent at 60 to 75 per cent LTV (with £995 fee).

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