TSB has cut mortgage rates across some of its range for customers on high loan-to-value (LTV) products who are moving home and also reduced rates for remortgagors on low LTV deals.
The most significant cut announced is 0.4% on TSB’s two-year fixed mortgage for home-movers with an LTV of 85 to 90%, down from 3.19% to 2.79% with a fee of £995.
Customers with the same LTV looking for a three-year fixed rate mortgage will see a 0.3% reduction from 3.24% to 2.94%, also with a £995 fee.
For those with an LTV of 90 to 95%, two-year fixed rates drop 0.20% and a 0.10% reduction will be made on five-year and 10-year fixed mortgages.
TSB has also reduced rates for remortgagors at 60% LTV, dropping the rate on its five-year fix by 0.5% to 2.19% and 2.44%.
Last month, TSB reported a doubling of profits in the first three months of the year against the previous quarter.
