TSB is set to make further reductions to selected residential, product transfer, and additional borrowing mortgage products, from Wednesday 9th April.
Among the changes, TSB will be reducing rates on 2-year fixed first-time buyer and home mover products with 75% to 85% loan-to-value (LTV) by 0.25%.
In addition, the 2-year fixed remortgage products within the 60% to 85% LTV range will see a rate cut of 0.05%.
For existing customers looking to switch their mortgage, the bank will also be reducing rates on residential 2-year fixed product transfer options between 60% to 85% LTV by 0.05%.
A similar 0.05% rate reduction will apply to the lender’s additional borrowing products in the 60% to 80% LTV bracket.
TSB has advised brokers and customers to submit applications for existing versions of these products by the end of today, Tuesday 8th April.
The updated product guide will be available for download on TSB’s website from tomorrow, 9th April.
