Remortgagors with a 85-90% LTV will be able to benefit from new two, three, five and 10-year fixed rate mortgages with rates starting from 2.59%.
Additionally, homemovers looking for a two-year fixed rate mortgage with a LTV of 85-90% will benefit from a 0.10% reduction to 3.19% with a product fee of £995, or a 0.20% reduction from 3.79% to 3.59% with no product fee.
Two-year fixed rate mortgages for homemovers with a 90-95% LTV will see a 0.10% reduction, with or without a product fee. Similarly homemovers looking for either a three-year or five-year fixed rate mortgage will benefit from a 0.10% rate cut.
Roland McCormack, TSB Mortgage Distribution Director, said:
“Helping people borrow well is exactly what TSB was built to do; today’s new products, focussed on customers with smaller deposits, will help more homeowners do exactly that. By cutting rates, TSB is providing more options to more homeowners across Britain, helping them take their next steps on the property ladder.”
