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TSB reduces rates on resi products by up to 0.35%

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TSB has announced changes to its residential and buy-to-let (BTL) mortgage products, effective today.

For the lender’s residential range, the rate of the 80% to 85% loan-to-value (LTV) five-year fixed remortgage product with a £995 fee has been reduced by 0.35% to 3.64%.

Meanwhile, the rate for 70% to 80% LTV five-year fixed remortgage product with a £995 fee has gone down by 0.30% from 3.94 to 3.64%.

For its BTL range, TSB has reintroduced the house purchase five-year fixed rate products with a £995 product fee.

It also notes that product end dates have moved out to the end of December.

Last month, TSB made product changes, increasing rates across its residential product transfer and BTL product transfer range.

Two- and 10-year fixes for residential product transfers went up by 0.50%, while two- and five-year fixes between 0% and 75% LTV for BTL product transfers increased by 0.50%.

Original Article

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