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TSB raises rates on two and five-year mortgage rates

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  • 13/01/2016
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TSB raises rates on two and five-year mortgage rates
TSB has raised rates on six of its short and medium-term mortgages, affecting remortgagors and home buyers.

A two-year fix with a loan-to-value (LTV) of up to 60% will increase by 0.05% ranging from 1.59 to 2.09% depending on applicable fees.

Products with a 60 to 90% LTV will see a rise of 0.15%, ranging from 1.84% to 3.44% depending on fees.

Mortgages with a 90 to 95% LTV will increase by 0.11% to 4.09% on products with fees and 4.39% for fee-free products.

Two-year trackers with an LTV of up to 60% will see a 0.05% increase to 1.39% with a fee and 1.89% with no fee, while products with an LTV of 60 to 85% will rise by 0.15% and range from 1.39% to 2.29% depending on fees.

Rates for five-year fixes with an LTV of up to 75% will increase by 0.10% for both homebuyers and remortgagors.

Remortgagors with a two-year fix or tracker deal with an LTV of up to 60% will see an increase of 0.10%. Rates will range from 1.64% to 2.24% depending on fees, while trackers will range from 1.44 to 2.04%.

Products with an LTV of 60 to 85% will increase by up to 0.20%. Two year fixes will range from 1.84% to 2.49%, while trackers will range from 1.74% to 2.29% depending on fees.

Five-year fixes for homemovers will increase by 0.10% on products with up to 75% LTV. ranging from 2.54% to 2.94%, also depending on fees applicable.

TSB increased rates on products available through brokers in early December.

Last week, it also announced it will increase interest rates from 5% to 5.5% on its buy-to-let affordability calculation.

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