
TSB cuts rates on residential and buy-to-let mortgages
The bank is also reintroducing 2-year fixed first-time buyer and home mover 90-95% LTV products.

The bank is also reintroducing 2-year fixed first-time buyer and home mover 90-95% LTV products.

TSB has announced rate increases for select residential products and a relaunch of its affordable housing range, integrating shared ownership and shared equity products under one offering.

The lender's 5-year fixed remortgage rates for up to 75% LTV have increased by 0.20%.Â

These changes, which take effect from tomorrow, Tuesday the 10th of December, reflect TSB’s commitment to providing competitive options for homebuyers.

These adjustments will impact several product ranges, including residential, buy-to-let, product transfer, and additional borrowing ranges.

For residential mortgages, TSB will increase rates on its 3-year fixed first-time buyer and home mover products by up to 0.20%.

TSB plans to increase the rate on 5-year fixed products for first-time buyers and home movers.

In addition to this, TSB will remove the two-year minimum term requirement on its 2-year tracker product transfer rates.

The regulator also found that the firm lacked suitable systems and controls to secure fair outcomes.

In the residential range, TSB will withdraw certain products, specifically the 3-year fixed First Time Buyer and Home Mover mortgages up to 90% to 95% loan-to-value (LTV) at £1495 and £495 fees.

In its residential range, TSB is reducing rates by 0.05% for its 2-year fixed mortgages available to first-time buyers and home movers.

The lender is reducing rates on its 2-year fixed first-time buyer and home mover products.
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