Mortgage News
TSB reintroduces 85 per cent LTVs
TSB has brought back its 85 per cent loan to value (LTV) house purchase and remortgage products, a month after pulling all deals at this tier.
Effective from today, the fee-free purchase two-year fix has a rate of 2.14 per cent while the remortgage offering has a rate of 2.19 per cent.
The two-year fixed remortgage with a £995 fee and free legals has a rate of 1.84 per cent. The 85 per cent LTV offering is also available as a five- and 10-year fix for purchase and remortgage.
Borrowers who require an 85 per cent LTV mortgage will also be entitled to the recently launched five-year fix with an early exit.
Furthermore, TSB has withdrawn its buy to let house purchase and remortgage £995 fee products.
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Beverley Bradford, TSB’s head of intermediary mortgages, said: “We’re committed to helping people enter the property market and delivering a high level of service to ensure customers are getting the best experience when buying or remortgaging – giving them money confidence.
“That’s why we’re pleased to reintroduce a number of products, including 85 per cent LTV, to support customers with a lower deposit.”