TSB has cut interest rates by up to 0.20% across its 3-year and 5-year fixed rate mortgages for home purchase borrowers and increased some rates across its 10-year house purchase and remortgage ranges.
There are reductions of up to 0.20% on 3-year and 5-year fixed rates for 90-95% loan-to-value mortgages and an increase of 0.05% on 10-year fixes for 60% to 75% LTV mortgages for house purchase borrowers, with 5-year and 10-year early repayment charges.
Nick Smith, TSB’s head of mortgages, said: “The interest rate reductions on our house purchase products offer customers with smaller deposits competitive rates and longer-term security on payments for three to five years.”
An increase of 0.05% has also been made to 10-year fixes at 60% to 75% LTV on its remortgage range, with 5-year and 10-year early repayment charges. Customers will also receive the option of £300 cashback or free legals.
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