The lender has brought back two and five-year fixed first-time buyer, house purchase and remortgage products with £995 fees.

TSB has also reintroduced 10-year fixed first-time buyer, house purchase and remortgage deals up to 75 per cent loan to value (LTV).

Rates on its two and five-year fixed first-time buyer and house purchase products up to 90 per cent LTV have been increased by up to 0.30 per cent. Meanwhile, rates on its two-year fixed first-time buyer and house purchase products at 90 to 95 per cent LTV with no fee have increased by up to 0.10 per cent.

On two and five-year fixed remortgages up to 85 per cent LTV, rates have increased by 0.30 per cent and five-year fixed new-build first-time buyer and house purchase rates have increased by 0.20 per cent.

 

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Coventry BS cuts rates

Coventry for intermediaries has reduced rates on selected owner-occupier mortgages by up to 66 basis points. The lender has also cut rates on its offset and interest-only products, by up to 14 and 16 basis points respectively.

Some of the changes include a reduction from 3.25 per cent to 2.85 per cent on Coventry’s two-year fixed first-time buyer mortgage with early repayment charges (ERCs) at 95 per cent LTV. This has no product fee and offers £500 cashback.

Its five-year fixed owner-occupier mortgage has been reduced from 2.09 per cent to 1.95 per cent. It is available at 65 per cent LTV and has a £999 product fee. It is available for purchase, remortgage, product transfer and further advance.

Jonathan Stinton, head of intermediary relationships at Coventry Building Society, said: “We’re delighted to make significant rate reductions to our owner-occupier mortgages, as well as our offset and interest-only ranges.

“It’s great news for brokers, who can now find even better options for a range of clients, at a time when home buyers and home movers are facing rising costs elsewhere.”