TSB cuts rates for homebuyer and remortgage borrowers

TSB has reduced interest rates by up to 0.35% on mortgages for residential, home purchase and remortgage borrowers.

For its house purchase range at 95% loan-to-value it has cut rates of up to 0.35% on its 5-year fixed and up to 0.2% for its 2-year fixed. And for remortgage borrowers at 90% LTV it has decreased rates of up to 0.25% on its 2-year fixed and up to 0.3% for its 5-year fixed.

Nick Smith, TSB’s head of mortgages, said: “The interest rate reduction on our fixed rate house purchase and remortgage products is a welcome step for those looking to fix their monthly payments for a longer period of time.

“TSB is committed to helping people to borrow well and this rate reduction is an example of us doing exactly that.”

The bank is also reintroducing its three-year fixed house purchase and remortgage ranges for intermediaries only.

Written by: Houseladder