Rates start at 3.44% and are available up to 90% LTV.
The mortgage is also available to first time buyers, homemovers and homeowners looking to remortgage.
The deal comes following TSB research that found 55% of all British homeowners with a mortgage are worried about an increase to the Bank of England’s base rate and the impact that it will have on their mortgage repayments. Of people on a variable rate, or a fixed rate that ends next year, those concerned climbs to almost two-thirds (62%).
The research also showed that two-thirds (65%) of people would consider taking out a 10 year mortgage but of those, nearly three-quarters (72%) are concerned about being locked in for 10 years or having to pay an early repayment charge should they need to change their mortgage deal.
Ian Ramsden, TSB Mortgages Director, said:
“Our research shows that millions of homeowners up and down the country are worried about an increase in the Bank of England’s base rate and the knock on effect it will have on their mortgage repayments.
“People looking for stability at a great value will definitely benefit from Fix and Flex. All the advantages of a great rate, fixed over the long term yet the flexibility to move after five years should their circumstances change.”
