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TSB pulls raft of competitive mortgages

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  • 09/03/2018
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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All three-year fixes for homebuyers are also being withdrawn from tomorrow; the range had rates starting at below 2%.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.

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.

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