Buy to Let

TSB makes rate cuts | Mortgage Introducer

TSB has made a number of rate cuts for both residential and buy-to-let products.

Homemover 5-year fixes have been cut by between 0.10% and 0.25%, as fee free rates now stand at 1.99% to 60% loan-to-value, 2.14% to 75% LTV, 2.24% to 80% LTV, 2.39% to 85% LTV, 3.14% to 90% LTV and 4.54% to 95% LTV.

Remortgage 2-year fixes have also been reduced, while TSB also launched homemover 2-year fixes at 2.09% with a £995 fee and 2.49% with no fee.

Q&A with Martin Stewart of The Adviser Alliance

Roland McCormack (pictured), TSB’s mortgage distribution director, said: “We want to help more people to borrow well and these changes are an example of us doing exactly that.

“The interest rate reductions on our fixed rate products are a welcome step for those looking to fix their monthly payments for a longer period of time.”

The lender has also reduced 2-year fixed rate buy-to-let mortgages, as for house purchase rates stand at 1.39% to 60% LTV and 1.79% to 75% LTV, both with a £1,995 fee.

For remortgage 2-year fixes cost 1.44% to 60% LTV and 1.84% to 75% LTV, both with a £1,995 fee.

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