Effective from tomorrow (Thursday 7th November), TSB is set to adjust selected mortgage rates, impacting a range of residential products.
These adjustments will affect offerings for first-time buyers, home movers, and remortgage clients.
One significant update is the extension of product end dates for residential, Shared Ownership, and shared equity mortgages to the end of March, allowing clients additional time to access these products under updated terms.
Among the rate adjustments, TSB plans to increase the rate on its 5-year fixed products for first-time buyers and home movers with a loan-to-value (LTV) ratio of 0-60% by 0.10%.
Meanwhile, selected 2- and 5-Year Fixed rates for first-time buyers and home movers with a LTV of up to 90% will see reductions of up to 0.15%.
Additionally, TSB will lower the rate on its 2-year fixed remortgage product for LTVs between 60% and 80% by 0.15%, providing greater options for homeowners looking to refinance.
TSB will publish a new product guide on its website on 7th November, outlining the full details of these adjustments.
In addition, the lender has encouraged any prospective applicants to complete and submit their applications for the current mortgage products by the end of today (Wednesday 6th November).
