TSB to increase B2L assessment interest rate


TSB will increase its interest rate for buy-to-let affordability calculations from 5 per cent to 5.5 per cent from Tuesday.

The rise will affect mortgages of more than 65 per cent LTV, according to a broker note released this morning.

The notional rate for loans of less than 65 per cent LTV will stay at 5 per cent.

All complete pipeline applications entered before 8pm next Monday will not be affected.