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TSB ups base rate; Gen H cuts rates – round-up

  • 14/08/2023
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TSB ups base rate; Gen H cuts rates – round-up
TSB has increased its homeowner variable rate and buy-to-let variable rate for new customers from today, following the base rate increase to 5.25 per cent.

The lender’s homeowner variable rate stands at 8.74 per cent and its buy-to-let variable rate is 9.59 per cent.

The change will apply to new customers from today.


Gen H reduces rates

Gen H has lowered rates across most of its products up to 95 per cent loan to value (LTV) by around 0.16 per cent.

Five-year homebuying bundle rates at 95 per cent LTV start at 5.97 per cent with a £999 fee and at 6.03 per cent without a fee.

Five-year homebuying bundle rates up to 90 per cent LTV are under six per cent and two-year rates have dropped between 11 and 14 basis points across most products.

Pete Dockar, Gen H’s Chief Commercial Officer, said: “We are thrilled that we can continue to reduce our rates to help support more buyers.

“Our 95 per cent LTV products are particularly competitive, and when paired with some of our unique affordability solutions and bundle products, these reductions can really make a difference to homeowners and aspiring owners.”

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