TSB has increased rates on mortgages up to 75 per cent loan to value (LTV) by as much as 0.45 per cent.
Two-year fixed mortgages for first-time buyers and house purchase have risen by 0.30 per cent.
The 0-60 per cent LTV mortgage with a £995 fee is now set at 1.49 per cent while the fee-free option is 1.74 per cent. At 60-75 per cent LTV, the £995 fee mortgage has a rate of 1.54 per cent while the fee-free alternative is 1.79 per cent.
Five-year fixes for first-time buyers and house purchase with early repayment charges have risen by up to 0.40 per cent.
The largest increases of 0.45 per cent have been made to the two and five-year fixed remortgages, with options of either free legals or no legal option but a £300 cashback.
The two-year fixed product at 0-60 per cent LTV has gone up to 1.74 per cent and the 60-75 per cent LTV deal has increased to 1.84 per cent. Across five-year fixes, remortgages have risen to 1.45 per cent at 0-60 per cent LTV and are now 2.04 per cent for 60-75 per cent LTV.
The bank has also withdrawn its two-year tracker mortgages for first-time buyers, house purchases and remortgage.
Changes apply from today.
Shekina is the deputy editor at Mortgage Solutions and commercial editor at Mortgage Solutions and Specialist Lending Solutions. She has nearly eight years of experience in the B2B publishing market, having previously covered the hospitality, retail, pet, accounting and jewellery sectors.
Shekina has worked for Mortgage Solutions and Specialist Lending Solutions for almost five years. Here, she covers the market’s breaking news stories, engages with professionals in the sector, and oversees any commercially agreed content in partnership with mortgage-related companies.
This includes presenting webinars and hosting roundtable discussions on developing themes in the mortgage sector.
She is an NCTJ-trained journalist and was nominated for the Headline Money Awards Mortgage Journalist of the Year in 2021.
In her spare time, Shekina likes to read, travel, listen to music and socialise with friends.
She currently reports on current events in the mortgage market and liaises with financial clients to produce sponsored content.
Follow her on Twitter at @ShekinaMS
