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TSB adds residential and BTL purchase deals and cuts rates

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  • 12/05/2020
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TSB adds residential and BTL purchase deals and cuts rates
TSB has added a range of residential and buy-to-let purchase products as part of a product overhaul, which included cutting some residential rates by up to 0.25 per cent.

 

The lender has introduced a series of products to widen its 80 per cent loan to value (LTV) residential purchase offering, including two-, three-, five- and 10-year fixed rate deals.

The two-year fix with a £995 fee is available at 1.44 per cent, a three-year fee-free is at 1.89 per cent, a five-year fix with £995 fee is 1.74 per cent and 10-year fee free with five-year early repayment charges is 2.84 per cent.

The two-year tracker at up to 80 per cent LTV has a £995 fee and is available at 1.59 per cent.

In the 75 per cent LTV space, products have seen rates trimmed by up to 0.25 per cent.

Meanwhile in buy-to-let, TSB has introduced two-, three-, five- and 10-year fix rate purchase products at up to 75 per cent LTV.

TSB head of intermediary mortgages Beverley Bradford said: “We want to assist our customers as much as we can, particularly during these turbulent times.

“These new introductions reflect the needs of our customers particularly those seeking a higher loan size. We hope these new products will also offer some peace of mind to our customers and help more people borrow well.”

 

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