You are here: Home - News -

TSB ups remortgage fixed rates

by: Tim Chen
  • 18/10/2017
  • 0
TSB ups remortgage fixed rates
TSB has increased fixed rates by up to 0.20% on a range of its remortgage products.

Rates for its two-year fixed deals at up to 85% loan to value (LTV) with a £995 fee has gone up by 0.15% or 0.20%, while rates for its five-year fixed-rate products up to 75% LTV have increased by 0.10% or 0.15%.

On Monday, TSB published a warning to consumers entitled Getting Britain ready for rate rise, in which it examined how much typical mortgage payments could rise by if interest rates increased. It also showed where people were likely to cut back most if they needed to find more money to pay for their mortgage.

The latest increases come after a raft of recent rate changes. In August, TSB announced that it was raising rates on all its remortgage products by either 0.05 or 0.10%. And in September, TSB announced cuts which saw buy-to-let and remortgage product rates (at all LTV levels) reduced by up to 0.25%.

TSB’s announcement also comes as the bank is preparing its borrowers for a rise in base lending rates in the November 2nd Bank of England meeting, which might see the base rate change from the current record low of 0.25%.

To get Britain ready for a rate rise, TSB suggested that borrowers switch to fixed rate loans so to avoid any potential extra costs that could be created by a tracker or variable rate mortgage.

There are 0 Comment(s)

You may also be interested in

Business Skills

In this section, we offer short ‘how to’ guides on harder to crack areas of business. From social media, to regulation or niche product areas, we cover it all.


Our journalists interview key industry entrepreneurs, strategists and commentators for day-to-day market insight and a strategic view of where the industry is heading. We offer lessons for success and explore the opportunities for your business

Success in Practice

Here, we share case studies fleshing out best practice to help you decide what could work for your business. Take a look at how others approached complex tasks like launching a new mortgage lender, advising on a new product area or deciding to specialise in another. Learn from others mistakes and triumphs.


Each week, we ask top mortgage and property commentators with a unique perspective to examine a key news headline, market move or regulatory or political issue.


Vote in our weekly poll here. It’s your chance to tell us what you think and be heard on the top news stories of the week. Review our archive to find out what your industry really thinks and all our coverage of the results.

Top Comments

Be part of the conversation on Mortgage Solutions. We want to hear from you. We have a tool called Disqus to tell us which stories get the most comments each week. Every Friday, the team picks the most thoughtful or opinionated contributions from our readers to enjoy again. Don’t forget to share your favourite stories from the site on social media to keep the conversation going.

Read previous post:
Know Your BDM: Jacqui Turner, Marsden Building Society

This week Mortgage Solutions is speaking to Jacqui Turner, business development manager at Marsden Building Society.