TSB Intermediary has leapt to the top of the leader board with the best 10-year fixed rate mortgage on the market.
The deal, which is available up to 60% loan-to-value (LTV), comes at a rate of 2.89%.
TSB will also be withdrawing its three-year stepped fixed-rate products from today.
The changes follow shortly after TSB reduced rates on a range of its lower LTV products, with reductions of up to 0.20% made across its two, five and 10-year products at up to 85% LTV.
Roland McCormack, TSB’s intermediary mortgage director confirmed to Mortgage Solutions last month that mortgage brokers would be ‘fairly rewarded’ for retention business when the first wave of TSB mortgage product terms expire.
Read our interview with Roland McCormack to find out the next phase of the lender’s plans this year.
