The scheme offers London buyers with a minimum 5% deposit access to a government equity loan of up to 40% of the property purchase price, double the amount offered across the rest of the country.
A number of products have been added to TSB’s shared ownership and shared equity homemover ranges, including a two-year fix starting at 2.19% available up to 90% loan-to-value (LTV) and a five-year fixed rate starting at 2.94%, also available up to 90% LTV. The lender is also offering a two-year fixed remortgage deal starting at 1.99%.
Rates are being cut across the two, three and five-year homemover fixed rate deals by up to 0.20%, while its two-year homemover tracker is being slashed by 0.10%. TSB’s remortgage deals are also seeing reductions on its three and five-year fixed products of up to 0.15% and 0.20% respectively.
TSB has also extended its Help to Buy and shared equity schemes, which are currently only available through brokers in England, to intermediaries in Wales and Scotland.
