TSB to raise and reduce selected mortgage rates across resi and BTL

As of tomorrow, Friday 9th February, TSB is set to make a number of changes to its residential, buy-to-let (BTL), product transfer and additional borrowing ranges.

In its residential range, the lender will increase rates across its 2-year and 5-year fixed first-time buyer and house purchase products, from 85% to 90% loan-to-value (LTV) with £995 fee.

Its 2-year fixed remortgage – available up to 75% LTV – will also see an increase, rising by 0.20%.

In its BTL range, TSB has reduced its 2-year and 5-year fixed house purchase, and its 5-year fixed remortgage rates, by up to 0.50%.

For product transfers, the lender’s residential 2-year fixed rate, available to 75% LTV, will increase by 0.20%, while its buy-to-let 5-year fix will be reduced by up to 0.50%.

As part of its additional borrowing offering, TSB will be increasing its residential 2-year fixed rate available up to 75% LTV by 0.20%, and at the same time, it will reduce its buy-to-let 5-year fixed by up to 0.50%.

For existing rates, all applications must be submitted by brokers by midnight tonight, Thursday 8th February.