Mortgage News
TSB pulls raft of competitive mortgages
TSB is to pull a number of mortgages, including competitively priced 10 and three-year products.
The lender is scrapping its decade long fixes for homebuyers and remortgages, which started at rates of just 2.34%.
All three-year fixes for homebuyers are also being withdrawn from tomorrow; the range had rates starting at below 2%.
At the same time, fee-free two and five-year fixes for homebuyers up to 80% loan to value (LTV) are to be axed.
The 10-year fix had made it into Moneyfacts Best Buys when it was launched in December, the three-year fixes were also among the lowest rates on the market.
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In recent weeks lenders have repriced ahead of an expected interest rate rise from the Bank of England in May.
The average two-year fixed-rate is now at its highest level since September 2016.
Halifax, Santander, Nationwide and Tesco are among lender to have pulled deals or raised rates in recent weeks.