TSB has unveiled significant reductions in rates across selected residential, product transfer, and additional borrowing mortgage products.
These changes, which take effect from tomorrow, Tuesday the 10th of December, reflect TSB’s commitment to providing competitive options for homebuyers, homeowners looking to remortgage, and customers seeking additional borrowing.
For residential products, TSB is lowering rates on 3-year fixed mortgages for first-time buyers and home movers by up to 0.22%.
Similarly, 5-year fixed mortgages for first-time buyers and home movers with loan-to-value ratios (LTV) of up to 90% will see rate reductions of up to 0.15%.
The reductions for remortgage products are particularly notable, with 2-year fixed options for 0% to 75% and 80% to 90% LTV being reduced by as much as 0.40%.
Additionally, 3-year fixed remortgage rates for 0% to 80% LTV are set to decrease by up to 0.20%, while 5-year fixed remortgage products will see reductions of up to 0.25%.
Product transfer options are also being adjusted, with 2- and 5-year fixed residential rates for 0% to 75% and 85% to 90% LTV being reduced by up to 0.15%.
The 3-year fixed residential option for 80% to 85% LTV is seeing a smaller reduction of 0.05%.
For those seeking Additional Borrowing, TSB is offering reductions of 0.10% on 2- and 5-year fixed residential products for 0% to 75% LTV.
To take advantage of the current rates, TSB has advised that all existing applications for the affected products must be submitted by the end of today, Monday the 9th of December, as these products will no longer be available after that time.
