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TSB increases buy-to-let stress rate as Barclays refreshes deals

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  • 16/04/2020
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TSB increases buy-to-let stress rate as Barclays refreshes deals
TSB has raised its buy-to-let stress rate, while Barclays has revised some of its product offerings.

 

TSB has increased the stress rate for buy to let customers taking a five-year or higher term fixed product or remortgage with no additional borrowing from 4.5 per cent to five per cent.

It means the rate is five per cent for remortgages with no additional borrowing for purchases and remortgages where a fixed-rate period of five-years or more is selected.

The new stress rate also applies to remortgages for existing residential owner-occupied and buy to let borrowers where a fixed rate period of five years or more is selected.

Barclays revisions

Barclays has rejigged some of its deals in its reward and buy-to-let range.

The lender has raised rates on six of its reward mortgages between 60 and 85 per cent loan to value (LTV).

There are also increases on a number of trackers in the range, and four buy-to-let deals. At the same time, rates are being reduced on a few reward deals between 60 and 75 per cent LTV.

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