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TSB reduces rates on lower LTV products

  • 05/02/2016
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TSB reduces rates on lower LTV products
TSB has reduced rates on a range of residential mortgages aimed at people with larger deposits or lower loan-to-value (LTV) ratios, it announced today.

Homemovers, first-time buyers and remortgagers have seen a rate drop of up to 0.20% with the lender’s two-year, five-year and 10-year mortgages of up to 85% LTV.

The lender has waived its mortgage account fees on its fee-free 10-year remortgage product, however it comes with early repayment charges (ERC) for the whole mortgage term.

Mortgage account fees will now apply to the Fit & Flex Homemover and first-time buyer range.

TSB will increase its mortgage rate by 0.25% on its two-year fixed-rate product with an LTV of 85% to 90%. Homebuyers with an LTV of 90% to 95% will see a 0.10% increase.

TSB has increased its rates across a number of products this year, including two and five-year fixes and some of its fixed-term and tracker products, as well as the interest rate it uses for its buy-to-let affordability calculator.

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