TSB has made a series of changes to its mortgage rates, which will take effect from Friday 29th of November.
These adjustments will impact several product ranges, including residential, buy-to-let (BTL), product transfer, and additional borrowing ranges.
For residential mortgages, the bank will increase rates on its 5-year fixed first-time buyer and home mover products with a loan-to-value (LTV) ratio between 90% and 95%.
These rates will see an increase of 0.15%, reflecting shifts in market conditions.
Meanwhile, for buy-to-let mortgages, TSB is introducing both rate reductions and increases depending on the product type.
Rates for 2-year fixed house purchase and remortgage products with a LTV of up to 60% will decrease by 0.10%.
5-year fixed remortgage products with the same LTV will also see a reduction of 0.10%.
However, other BTL products, including 2-year and 5-year fixed options with an LTV of up to 75%, will experience rate increases of up to 0.30%.
In its product transfer range, residential 2-year fixed products with an LTV of 80% to 85% will benefit from a 0.15% rate reduction.
However, rates for residential 2-, 3-, and 5-year fixed products with a LTV of up to 80% are set to increase by up to 0.15%.
For BTL product transfers, TSB is increasing rates for 2-year and 5-year fixed options with a LTV of up to 75% by up to 0.30%.
In the additional borrowing range, TSB is introducing rate increases across its residential and buy-to-let products.
Residential 2-, 3-, and 5-year fixed rates will rise by up to 0.15%, while buy-to-let 2- and 5-year fixed rates will increase by up to 0.30%.
Additionally, the end dates for buy-to-let, product transfer, and additional borrowing products will now extend to the end of April.
To support customers during this transition, TSB will provide a new product guide on its website from the 29th of November.
The lender warned that those intending to secure the current rates must ensure applications are submitted by the close of business on Thursday 28th November, as the affected products will no longer be available after this time.
