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TSB cuts buy-to-let rates

  • 03/05/2017
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TSB cuts buy-to-let rates
TSB has cut rates on selected buy-to-let purchase and remortgage deals.

Rates on two-year fixes have been cut by between 0.20% and 0.25%, while rates on three-year deals have been reduced by 0.10%-0.15%. Five-year deals will see rates reduced by between 0.15% and 0.25%, while two-year trackers will see rates fall by up to 0.25%.

Roland McCormack, mortgage distribution director, said: “TSB helped over 14,000 people with their mortgages in the first three months of 2017 and provided £2.2 billion of new mortgage loans. We are committed to helping people borrow well and these rate cuts across the LTV ranges are an example of us doing exactly that.”

The cuts follow a swathe of other rate reductions this week on buy-to-let deals by lenders including Paragon Mortgages and Investec.

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