TSB has increased rates by up to 0.2% on seven of its fixed-rate remortgage products – six residential and one buy-to-let.
It has also removed its three-year fixed-rate deal at up to 90% loan-to-value (LTV) for residential borrowers.
TSB is the latest lender to increase its rates amid the build-up to an expected Bank of England Base Rate rise in November.
The loans affected are:
- Two-year fixed, 85% LTV (with no fee) rates increased by 0.20%;
- Five-year fixed, 75-80% LTV rates increased by up to 0.20%;
- Two-year fixed, 60% LTV (with no fee) for buy-to-let borrowers – rate increased by 0.20%.
Owain Thomas is Features and Contributing Editor at Mortgage Solutions. He has previously covered the protection and mortgage industry, more recently he edited Workplace Savings and Benefits, and HRD Connect.
Owain won the Financial Healthcare Journalist of the Year (B2B) at the Headline Money Awards in 2014 and 2016. He also won the Protection Review's Journalist of the Year award in 2012.