
TSB to increase selected residential mortgage rates by 0.15%
The lender will increase rates across all of its fixed rate house purchase products by 0.15%.

The lender will increase rates across all of its fixed rate house purchase products by 0.15%.

The lender will reduce rates on 2-year fixed house purchase products, including affordable housing options, by up to 0.45%.

Landlords can borrow up to 75% of the property value, with loans starting at £25,000 and going up to £1m.Â

New research from TSB shows 67% of first-time buyers have made mortgage overpayments, with many hoping to become mortgage free before the age of 40.

TSB has introduced a new mortgage product range offering £250 cashback on homes with an EPC rating of A or B, as part of its net-zero commitments.

Data from TSB found that nearly all FTBs surveyed (96%) got some form of financial help with their deposit.Â

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%.

These adjustments will impact selected buy-to-let, product transfer and additional borrowing products.

The changes include more competitive fixed-rate offerings for both new and existing customers.

The bank increased its maximum loan to value (LTV) for residential new build houses and bungalows from 90% to 95%.

Among the key updates, the bank has reintroduced its 5-year fixed first-time buyer and home mover products with a loan-to-value (LTV) ratio of 90% to 95%.

These adjustments will see amendments to product rates, end dates, and ERCs.
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