Rates on the lender’s two and five-year fixed product transfers up to 75 per cent loan to value (LTV) have been reduced by up to 0.45 per cent, including its two-year fixed 60 per cent LTV deal with a £995 fee, which is now 4.09 per cent. The fee-free option has a rate of 4.49 per cent.
The 60-75 per cent LTV equivalents have respective rates of 4.19 per cent and 4.59 per cent.
Its five-year fixed product transfer at 60 per cent LTV with a £995 fee has a rate of 3.89 per cent, while the fee-free alternative is priced at 4.09 per cent.
The corresponding deals at 60-75 per cent LTV have rates of 3.94 per cent and 4.14 per cent respectively.
TSB has also reduced rates on product transfer deals up to 90 per cent LTV, fixed for either two or five years by as much as 0.5 per cent.
Its 10-year fixed options have also fallen by up to 0.65 per cent, and are now 3.99 per cent up to 60 per cent LTV and 4.09 per cent at 60-75 per cent LTV. These mortgages have no fee.
Within its additional borrowing products, TSB has lowered the rates of two and five-year fixed buy-to-let rates by as much as 0.45 per cent, while two, five and 10-year fixes for residential borrowers have reduced by up to 0.65 per cent.
Platform revises rates
Platform, the mortgage subsidiary of Co-operative Bank, has made a series of rate changes with both increases and decreases across select products.
The standard variable rate (SVR) on mainstream, Help to Buy, product switch and professional mortgages has gone up by 0.25 per cent to 7.12 per cent, while the buy-to-let reversionary rate has increased by the same amount to also reach 7.12 per cent.
The rates of its tracker products have also risen by the same amount.
This is in line with the increase to the Bank of England base rate, which went up by 0.25 per cent to 4.25 per cent last month.
Across its mainstream residential mortgages, Platform has reduced the rates of its two, three and five-year fixes by as much as 0.55 per cent, while 10-year fixes have been cut by as much as 0.45 per cent.
Its two-year fixed rates now start from 4.2 per cent, three-year fixes start at 4.27 per cent, five-year fixes begin at 3.9 per cent, and 10-year fixes begin from 4.05 per cent.
The lender has also launched two and five-year fixes to its mainstream residential range on products with a minimum loan size of £650,000.
Within its professional mortgage range, rates on two and five-year fixes have been cut by up to 0.55 per cent, two and five-year fixed buy-to-let mortgages have been reduced by up to 0.49 per cent.
Platform has also cut pricing on two-year fixed premier buy-to-let deals by up to 0.15 per cent.
Its Help to Buy Wales products have been extended until March 2025, in line with the extension of the scheme, and two and five-year fixes in the range have been cut in rate by up to 0.15 per cent.
The rates on product switches have fallen by up to 0.58 per cent and this applies to mainstream residential, buy-to-let and Help to Buy products.
