TSB cuts mortgage rates for residential, BTL borrowers

LTV

Its five-year fixed remortgage up to 90% loan to value will also be lowered by as much as 0.2%

TSB has made cuts to its mortgage rates for residential and buy-to-let borrowers by up to 0.2%.

Across its residential range, TSB is reducing pricing for two-, three- and five-year fixed deals by as much as 0.15% for first-time buyers and home movers up to 85% LTV.

Its five-year fixed remortgage up to 90% loan to value will also be lowered by as much as 0.2%.

For BTL borrowers, TSB is cutting mortgage rates by up to 0.1% on two-year fixed purchase products up to 60% loan to value. Similar cuts have been made to two-year fixes between 60 and 75% loan to value with £995 and £1,995 fees.

Its two-year fixed remortgage for BTL borrowers with a £1,995 fee up to 75% loan to value has been reduced by 0.1%.

A bigger cut of up to 0.15% has been made to TSB’s five-year fixed purchase and remortgage options for BTL borrowers up to 75% loan to value. This applies to products with no fee or with a £995 fee.

Across its product transfer range, TSB is reducing residential three- and five-year fixed mortgage rates by up to 0.15%, and two- and five-year fixes for BTL borrowers by as much as 0.15%.

On its additional borrowing products, the lender is lowering residential three- and five-year fixed mortgage rates, as well as BTL two- and five-year fixed rates by up to 0.15%.

TSB has also launched three-year fixes for FTBs, home movers and remortgage borrowers with a £495 fee. Rates start from 4.75%.

The lender asked borrowers to submit applications for existing products by the end of 15 July.

Last week, TSB added three-year fixed rate options with a £1,495 fee.

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of Getting Money Wise. The information provided on Getting Money Wise is intended for informational purposes only. Getting Money Wise is not liable for any financial losses incurred. Conduct your own research by contacting financial experts before making any investment decisions.

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