As of tomorrow, Wednesday 8 November, TSB is making reductions to its buy-to-let (BTL) fixed rate product range for both new and existing customers, by up to 0.30%.
This includes a 5-year fixed rate starting at 5.09%, available for both house purchases and remortgages.
For first-time buyers and home movers, the lender is also launching a new residential 2-year fixed rate at 5.69%.
The products will be available for loans between 85% to 90% loan-to-value (LTV), and will benefit from both a free basic valuation and £500 cashback.
Nicholas Mendes, mortgage technical manager at John Charcol, said: “TSB are the latest lender to provide notice this morning, following similar moves from HSBC, Virgin, Halifax earlier in the week.
“TSB’s latest round of pricing will see them move edge higher up the pecking order but nothing that is going to unsettle the existing best buys on the market.”
