TSB has reduced mortgage rates by 0.20% across its two, three and five year fixed rate mortgages for borrowers looking to buy a home with an LTV between 85-90%.
Rates start at just 3.49% for homebuyers taking out a two year fixed rate mortgage with a deposit of 10-15% of the property’s value.
TSB has also cut rates for people who are looking for a longer term fixed rate mortgage, with rates on its five year fixed rate mortgages now down to 4.09% with a £995 fee.
Two year mortgages for lower loan to value ratios (between 0-75%), will see rate increases between 0.1 and 0.2%.
TSB has also launched a new range of “breathing space” mortgages – mortgages which, for the first year have a lower interest rate to help customers wanting to put their own stamp on their new home.
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.
