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TSB withdraws selected products amid rate cut

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  • 05/07/2017
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TSB withdraws selected products amid rate cut
TSB has cut a number of products from its range, including several three-year fixed rates and ten-year fixes.

The lender said the move was temporary.

Meanwhile it has slashed the rate on its five-year fix by 0.10%.

It will now offer a five-year fixed rate at 60-75% loan-to-value at 1.79%. The product comes with a £995 fee.

Roland McCormack (pictured), mortgage distribution director for TSB, said the move will be a “welcome step” for those looking to fix their monthly payments for a longer period of time.

He added: “TSB is committed to helping people to borrow well and this rate reduction is an example of us doing exactly that.”

 

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