Effective tomorrow Tuesday 10 September, TSB is set to implement several adjustments to its mortgage rates across both its residential and buy-to-let (BTL) ranges.
This update includes a mix of product withdrawals, new introductions, and rate reductions.
In the residential range, TSB will withdraw certain products, specifically the 3-year fixed First Time Buyer and Home Mover mortgages up to 90% to 95% loan-to-value (LTV) at £1495 and £495 fees.
To replace these, the bank will introduce new 3-year fixed First Time Buyer and Home Mover products at 90% to 95% LTV with no fees.
Additionally, TSB will launch a 2-year fixed remortgage option up to 75% LTV with a £1495 fee.
TSB is also set to lower on various products, including a reduction of up to 0.20% on 2-year ficed First Time Buyer and Home Mover mortgages from 60% to 95% LTV.
The 3-year fixed First Time Buyer and Home Mover mortgages up to 90% LTV will see rates cut by up to 0.13%, while the 5-year fixed First Time Buyer and Home Mover mortgages from 80% to 95% LTV will benefit from a reduction of up to 0.15%.
Furthermore, rates for 3-year fixed remortgages will decrease by up to 0.10%, and 5-year fixed remortgages will experience a reduction of up to 0.30%.
For Shared Ownership First Time Buyer and Home Mover mortgages, the 2-year fixed option will see a rate reduction of up to 0.40%, with the 5-year fixed option for 80% to 90% LTV being reduced by up to 0.25%.
Shared Ownership and Shared Equity remortgages will also benefit from a rate cut of up to 0.40%, and the 5-year fixed Shared Equity First Time Buyer and Home Mover mortgages with 80-85% LTV will see a 0.25% reduction.
In TSB’s buy-to-let range, the lender is introducing new 2- and 5-year fixed remortgage products with 75% to 80% LTV, available with £1995, £995, and £0 fees.
Customers interested in any of the products being withdrawn should submit their existing applications by the end of today, Monday 9 September, as these products will no longer be available after this date.
