TSB increases residential and revert rates

High street lender TSB has increased the rates on some of its first-time buyer and house purchase mortgages with the changes yet to come into effect tomorrow.

TSB has upped its 2-year fixed first-time buyer and house purchase up to 80% loan-to-value (LTV) rates by 0.25%.

Its 5-year fixed first-time buyer and house purchase rates are also increased by up to 0.30%.

TSB has also reintroduced 5-year fixed first-time buyer and house purchase products with a £995 fee.

In addition, following the Bank of England base rate increase to 1.25%, the TSB revert to rates of 4.74% for homeowners and 5.59% for buy-to-let will apply to new customers from 4th July.

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