Effective from tomorrow, Friday 15 November, TSB is set to implement a series of rate increases across its mortgage product range, including residential, buy-to-let, product transfer, and additional borrowing options.
For residential mortgages, TSB will increase rates on its 3-year fixed first-time buyer and home mover products by up to 0.20%.
Additionally, its 3-year fixed remortgage for customers with loan-to-value (LTV) ratios between 0% and 75% will see a 0.20% rise, while selective products within Shared Ownership and Shared Equity will experience rate increases of up to 0.30%.
Within TSB’s buy-to-let range, customers taking out 2- or 5-year fixed house purchase loans will see rates rise by 0.30%, as will those opting for 2- and 5-year fixed remortgage products at LTVs of up to 75%.
These adjustments affect both new purchases and remortgage applications for buy-to-let properties, responding to increased demand within the rental property sector.
For existing TSB customers looking to transfer their products, the residential 2-, 3-, and 5-year fixed options up to 75% LTV will have their rates raised by 0.10%.
Meanwhile, buy-to-let customers on a 5-year fixed product transfer plan at 60% to 75% LTV will also face a 0.10% increase.
Additionally, TSB will raise rates on additional borrowing products, with residential and buy-to-let fixed-rate options seeing increases of 0.10% across selected terms.
