The mortgages include a lower interest rate in the first year to give homebuyers financial breathing space, and are available to first time buyers and homemovers.
The range is available between 75% and 95% loan-to-value in a TSB branch or over the phone, and between 75% and 90% LTV through a broker.
Ian Ramsden, Director of Mortgages at TSB, commented:
“We know the first year after moving can often be expensive as people make their house a home. Offering homebuyers some breathing space on their mortgage during the first year will give them the support to achieve this.
“Helping people get a foot onto the property ladder is a fundamental part of creating thriving local economies, and people thriving across the country is what we call, local banking for Britain.”
