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TSB adjusts rates; CHL broadens BTL range – round-up
TSB has made rate reductions to select small deposit mortgages and increased pricing on other deals.
The reductions have applied to the first-time buyer and homemover residential products from TSB, and the three-year fix at 90-95 per cent loan to value (LTV) has been cut by 0.05 per cent to 5.34 per cent.
The five-year fixed options at 80 to 95 per cent LTV have been lowered by 0.05 per cent and are now priced from 4.59 per cent with a £995 fee and at 80 per cent LTV and 5.14 per cent for a fee-free deal at 90-95 per cent LTV.
Elsewhere, TSB has put rates up for buy-to-let (BTL) remortgage. The two-year fixed rates up to 60 per cent LTV have increased by up to 0.2 per cent, while the options at 60 to 75 per cent LTV with £995 and £1,995 fees have risen by up to 0.2 per cent.
The lender has also increased two-, three- and five-year fixed rates by up to 0.1 per cent. This applies to products up to 60 per cent LTV, and options between 60 and 75 per cent LTV with a £995 fee.
Last month, TSB created a dedicated large loan team.
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CHL Mortgages expands product range
Specialist BTL lender CHL Mortgages has expanded the products in its CHL 1 range with the addition of options at 55 per cent LTV and five-year fixes.
Rates start from 3.19 per cent for a two-year fix and 4.67 per cent for a five-year fix. These apply to options at 55 per cent LTV with a seven per cent fee.
The equivalent products for house of multiple occupancy (HMO) and multi-unit freehold block (MUFB) lending have respective rates of 3.21 per cent and 4.73 per cent.
At 65 per cent LTV, pricing starts from 3.25 per cent for standard properties and 3.28 per cent for HMO/MUFB. This rises to respective rates of 3.35 per cent and 3.37 per cent at 70 per cent LTV, or 4.54 per cent and 4.55 per cent at 75 per cent LTV.
There are two, five and seven per cent options.
Ross Turrell, commercial director at CHL Mortgages, said: “We are delighted to announce that we have expanded our CHL 1 product range by re-introducing five-year fixed products and adding new 55 per cent LTV bands. These additions have been made to help intermediaries better serve their clients’ needs.”