Mortgage News
TSB offers remortgage borrowers biggest rate cuts
TSB has cut rates across its two and five-year mortgage deals for homebuyers and remortgage customers available up to 85% loan-to-value (LTV).
Borrowers looking to remortgage are receiving the biggest rate cuts. For applicants with an LTV between 80 to 85% a 0.3% cut to interest rates is available.
For those with an LTV up to 60% a rate cut of 0.25% has been applied to deals.
Homebuyers looking for a two-year fixed or tracker rate will benefit from a 0.1% reduction in rates.
Highlights from the refreshed range include; a two-year remortgage tracker between 80 and 85% LTV reduced from 2.49% to 2.19% which comes with a fee of £995 and a two-year house purchase fixed rate within the same LTV bracket which has been cut from 2.84% to 2.74% with no fee.
TSB current account holders, looking to remortgage, will be offered £150 cashback as part of the deal.
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The rate cuts follow the announcement this week that TSB began piloting its buy-to-let range with London & Country with a plan to roll it out to the wider market in May.