Remortgage customers can benefit from a rate drop of up to 0.20%, whilst home-movers and first time buyers will see a 0.30% rate drop on a three year fixed rate mortgage.
Two year fixed and tracker mortgages, with an LTV of 75-80% and 80-85%, will be reduced by 0.05% and 0.15% respectively. Two year fixed mortgages with an LTV of 85-90% will be reduced by 0.20%.
The biggest rate drop will be for a three year fixed mortgage of 85-90% LTV where home-movers and first time buyers will benefit from a 0.30% reduction. Other three year fixed mortgages will be reduced by 0.05% for an LTV of 75-80%, and 0.20% for an LTV of 80-85%.
Three year stepped fixed mortgages also see a reduction; 0.05% for mortgages with a 75-80% LTV, and 0.20% for mortgages of 80-85% and 85-90%.
Customers who opt for a five year mortgage will gain from a rate drop 0.05% with a 75-80% LTV, whilst customers with a slightly higher LTV of 80-85% will benefit from a reduction of 0.15%. Home-movers and first time buyers with a LTV of 85-90% will gain from a rate drop of 0.10%.
Finally, home-movers and first time buyers looking for a 10 year mortgage through will be able to benefit from a 0.05% rate drop on mortgages with an 85-90% LTV.
Roland McCormack, TSB Intermediary Director, said:
“These rate reductions, available through TSB Intermediary, will help to reduce the barriers to home-ownership for local people across the UK by helping them to borrow well.”
