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TSB remortgage pricing falls while house purchase rates rise

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  • 12/05/2017
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TSB remortgage pricing falls while house purchase rates rise
TSB has reduced interest rates by up to 0.15% on selected remortgage products and also increased certain rates for house purchase borrowers by up to 0.15%.

The rises will be applied to its two and three-year fixed-rate home mover mortgages at 90 to 95% loan to value (LTV).

This takes a three-year fixed rate for a 90 to 95% LTV loan with £995 fee from 3.58% to 3.73%.

In contrast, the lender said the rate cuts meant its five-year fixed rate remortgages were now at their lowest ever, starting at 1.74%, for up to 60% LTV with a £995 fee.

Rate reductions in the residential remortgage range include:

  • Three-year fixed rate up to 75% LTV, rates reduced by 0.15%
  • Five-year fixed rate up to 85% LTV, rates reduced by up to 0.15%
  • 10-year fixed rate up to 60% LTV, rates reduced by 0.15%

TSB mortgage distribution director Roland McCormack (pictured) said: “Just last week, we reduced the rates for a number of our buy-to-let mortgages.

“Now, we are further helping people to borrow well by launching our lowest ever five-year fixed rate for remortgage borrowers, as part of our rate reductions for selected products in our remortgage range.”

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