TSB has made a further reduction in its residential and buy-to-let mortgage rates, effective from Wednesday 11th October.
The bank is lowering rates on 2-year fixed house purchase mortgages with a loan-to-value (LTV) of 0-75% by 0.10%.
In the 80-95% LTV bracket, 2-year fixed house purchase rates will be cut by up to 0.10%.
Additionally, rates on 3-year fixed house purchases and remortgages will be reduced by up to 0.20%.
In the buy-to-let sector, 2 and 5-year fixed remortgage rates will see a reduction of up to 0.15%.
Nick Mendes, mortgage technical manager at John Charcol, said: “TSB has reduced rates further following reductions last week. We’ve seen some positive movement from lenders this week, with many repricing in a short time frame.”
Mendes added: “Good news for mortgage holders approaching the end of their deal, as well as those currently in the midst of an application to continually review to ensure you’re getting the best deal.”
The latest round of reductions follows similar moves made by TSB last week.
