TSB has withdrawn select first-time buyer, new build shared equity and shared ownership products as well as increased select rates by up to 0.3 per cent.
The changes come into force today and includes upping the rates for five-year fixed rate remortgage up to 85 per cent loan to value (LTV) by around 0.3 per cent. These products come with a £995 fee.
Up to 60 per cent LTV the rate is 2.79 per cent, between 60 and 75 per cent LTV the rate is 2.84 per cent. From 75 to 80 per cent LTV the pricing is set at 2.84 per cent, whilst for 80 to 85 per cent LTV it stands at 2.89 per cent.
The rates for its five-year fixed rate first-time buyer and house purchase products up to 75 per cent LTV are also rising by around 0.25 per cent. These products are subject to a £995 fee.
Its five-year fixed rate up to 65 per cent LTV is now 2.74 per cent, and between 60 and 75 per cent LTV the rate is 2.79 per cent.
TSB added that it was withdrawing its fee-fee five-year fixed rate first-time buyer and house purchase products up to 90 per cent LTV.
It is also taking its no-fee five-year fixed rate new build first-time buyer and house purchase products between 80 and 90 per cent LTV off the market.
Its five-year fixed new build shared equity and shared ownership first-time buyer and house purchase products have also been shelved, along with its five-year fixed shared equity and shared ownership first-time buyer and house purchase products.
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.
