TSB cuts rates across residential mortgages

TSB has this week, cut its mortgage rates across its three year, five year and 10 year residential mortgages ranges.

Related topics:  Mortgages
Amy Loddington
22nd May 2015
tsb

The Bank has also introduced a new loan to value ratio for the three year fixed rate mortgages deals.

TSB has cut the mortgage rate on its three year fixed rate mortgage by 0.25% reducing it to 2.84%, for people looking to buy a home with a deposit of between 15-20% of the property’s value.  The Bank has also introduced a new higher LTV of 85-90% with an interest rate of 4.14%, which will help people with a lower deposit buy their new home.

Rates have also been reduced by 0.10% across the higher LTV ratios for five year fixed rate mortgages, with 75-80% LTV mortgages now starting at 2.89% with a £995 fee or 3.04% with no fee.

TSB has also cut rates for both homebuyers and people looking to remortgage on its Fix and Flex 10 year fixed rate mortgage.  Homebuyers looking for a mortgage of up to 75% LTV will benefit from a 0.20% reduction. 

Homeowners looking to remortgage their home will also see TSB mortgage rates reduce, with cuts in interest rates across three, five and 10 year mortgages.  The biggest decrease is on three year fixed rate mortgages at 80-85% LTV, which see a reduction of 0.25% to 2.84%.

Rates have also been reduced by 0.10% across the higher LTV ratios for five year fixed rate mortgages, with 75-80% LTV mortgages now starting at 2.89% with a £995 fee or 3.04% with no fee.

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