TSB has raised home loans by as much as 40 basis points today and reintroduced select residential deals after pulling a range of offers earlier in the week.
The lender says the changes cover its residential, product transfer and additional borrowing ranges.
Residential key changes include:
- Reintroduction of two- and five-year fixed-rate house purchase and remortgage products, from nil to 85% loan to value, with a £995 fee
- Two- and five-year fixed-rate house purchase deals, with no fee, increased by up to 40bps
- Two- and five-year fixed-rate remortgage offers, from nil to 85% LTV, with no fee, increased by up to 25bps
Product transfer key changes include:
- End dates of two-year fixed-rate residential products, from nil to 90% LTV, move out to the end of October
- End dates of five-year fixed-rate residential offers, from nil to 80% LTV, move out to the end of October
- Two-year fixed-rate residential deals, from nil to 90% LTV, increased by 25bps
- Five-year fixed-rate residential products, from nil to 80% LTV, increased by up to 15bps
Additional borrowing key changes include:
- End dates of two- and five-year fixed-rate residential products move out to the end of October
- Two- and five-year fixed-rate residential rates increased by up to 25bps
The bank comes to the market after pulling a range of products on Monday, as two-year fixed-rate mortgage products topped 6% for the first time since the wake of former Chancellor Kwasi Kwarteng’s mini-Budget in September.
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