TSB raises mortgage rates for lower LTVs

TSB has today made rate changes to its two and five-year fixed rate mortgages, two-year trackers for homemovers and to its five year-fixed rates for remortgagees.

Related topics:  Mortgages
Amy Loddington
4th September 2015
tsb

Rates will increase by 0.05 per cent across these mortgages for those that have a lower loan to value ratio on their home.  The increase is in line with recent moves across the market.

On new house purchases, TSB is increasing rates for people with a lower LTV (up to 60 per cent) across its two and five-year fixed rate mortgages.   Rates now start at 1.54 per cent for homemovers on a two-year fix.

Homemovers looking to benefit from the historically low Bank of England Base Rate will now see two-year trackers, for 0-60 per cent LTV, increase to 1.34 per cent with a £1,995 fee and 1.79 per cent with no fee.

For those remortgaging their existing home, TSB is increasing the rate on 0-60 per cent and 60-75 per cent LTV remortgages on its five-year fixed rate product.  Those looking to transfer to a new TSB mortgage when their previous one ends will see rates starting from 2.39 per cent. 

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