Across its residential range, TSB is reintroducing its five-year fixes within its new build, shared ownership, first-time buyer, and house purchase ranges. Rates start at 2.89 per cent for products up to 60 per cent loan to value (LTV) and go up to 3.14 per cent at 80-85 per cent LTV. The products are fee-free.
There is also a 70-75 per cent LTV product, with a rate of 2.54 per cent, and a fee-free option at 2.74 per cent.
The bank has also launched a 75-80 per cent LTV product with a 2.84 per cent rate and a £995 fee.
For buy-to-let, two and five-year fixes have been relaunched for purchase and remortgage up to 80 per cent LTV with no fee.
As for rate increases, buy-to-let two and five-year fixed purchase and remortgage products have risen by 0.35 per cent, up to 75 per cent LTV. These have a £995 fee.
For residential borrowers, purchase and remortgage products fixed for two or five years up to 80 per cent LTV with no fee have increased by up to 0.35 per cent.
Increases of up to 0.65 per cent have also been made to residential and buy-to-let product transfer deals.
Virgin Money
Virgin Money is making it’s own changes that come into effect at 8pm tonight.
The company is pulling its Freedom Fix tracker range and a purchase exclusive 80 per cent LTV two and five-year fixed rate is going up by 0.20 per cent.
It’s core offerings will see selected 65 to 85 per cent LTV two and three-year fixed rates go up by 0.16 per cent, while selected 65 to 75 per cent LTV five-year fixers will go up just 0.06 per cent.
Selected buy-to-let 75 per cent LTV fixed rates will go up 0.36 per cent.
