TSB has released a range of high loan-to-value (LTV) remortgages available between 85 and 90% across two, three, five and 10-year fixed rate deals with rates starting from 2.59%.
Borrowers remortgaging at 90 to 95% LTV will benefit from a 0.10% reduction with or without a product fee.
Rates for homemovers have also been cut. Customers looking for a two-year fixed rate mortgage with LTVs of 85 to 90% with see rates fall 0.10% from 3.29% to 3.19% with a product fee of £995. A fee-free option is available with a 0.20% reduction taking the rate down to 3.59%.
Homemovers with a higher LTV of 90 to 95% will see a 0.10% rate drop with or without a product fee.
Roland McCormack (pictured), TSB mortgage distribution director, said: “Helping people borrow well is exactly what TSB was built to do; today’s new products, focussed on customers with smaller deposits, will help more homeowners do exactly that.”
