TSB cuts rates by up to 0.25%

TSB is set to introduce a raft of rate reductions across its residential product range, effective from tomorrow (21st Wednesday August).

As part of the changes, the lender is reducing rates on its 2-year fixed first-time buyer and home mover products by up to 0.20%.

In addition, its 3-year fixed first-time buyer and home mover 60% to 75% and 85% to 90% loan-to-values (LTV) will see decreases of up to 0.24%.

Finally, TSB’s 5-year fixed first-time buyer and home mover 80% to 90% LTV products will be reduced by up to 0.25%.

Brokers should submit applications for existing products by the end of today.

The new product guide will be available to download from the TSB website from tomorrow.

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