TSB has announced upcoming changes to its mortgage rates, set to take effect from tomorrow, Friday 28th March.
These adjustments will impact selected buy-to-let, product transfer and additional borrowing products.
Among the key updates is the introduction of new buy-to-let 2- and 5-year fixed house purchase products for loans with a loan-to-value (LTV) ratio between 75% and 80%.
These new offerings will have rates starting from 4.84%.
In addition to launching new products, TSB is making several rate reductions across its mortgage portfolio.
Customers looking to secure a mortgage for buy-to-let properties will benefit from lower rates on various fixed-term products.
The 2-year fixed house purchase mortgage with an LTV of up to 75% will see reductions of up to 0.15%.
Similarly, the 2-year fixed remortgage up to 75% LTV with no fee will decrease by 0.10%, while the 2- and 5-year fixed remortgage for 75% to 80% LTV will see reductions of up to 0.20%.
For those considering a product transfer, TSB is also lowering rates.
The buy-to-let 2-year fixed mortgage up to 75% LTV with no fee will drop by 0.10%, while the 2- and 5-year fixed buy-to-let mortgage at 75% to 80% LTV will be reduced by up to 0.20%.
Customers seeking Additional Borrowing on their buy-to-let properties will benefit from a 0.10% reduction on the 2-year fixed 0% to 75% LTV product.
To take advantage of the current rates before these changes take effect, TSB has urged customers to submit existing applications for affected products by the end of today, Thursday 27th March.
