Effective 25 November, its two-, three- and five-year fixed rates for house purchase at 85-95% LTV have been reduced by up to 0.2%.
The two-year fix at 85-90% LTV is now priced at 4.29% with a £999 fee and 4.49% with no fee. At 90-95% LTV, the products are priced at 4.69% and 4.94% respectively.
The three-year fixes have no fee and rates of 4.49% at 85-90% LTV and 4.99% at 90-95% LTV.
Across TSB’s five-year fixed options, the 85-90% LTV deal with a £999 fee has a rate of 4.29% or 4.44% with no fee. At 90-95%, the corresponding rates are 4.69% and 4.79%.
TSB has also reduced its two- and five-year fixed shared ownership house purchase rates by up to 0.15% across deals at 85-95% LTV.
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Gen H adjusts mortgage rates
Gen H has made mortgage rate amendments across two-, three- and five-year fixes.
Its two-year fixed rates at 85% and 90% LTV will be increased by 0.1%, while the two-year fixed rate at 95% LTV will go up by 0.05%.
Gen H has also announced rate reductions including its three-year fixes at 70% and 75% LTV, with reductions of 0.2%. Meanwhile, all other three-year rates will fall by 0.1%.
Reductions of 0.05% have been made to five-year rates at 85% and 90% LTV, while five-year fixed rates at 95% LTV will be reduced by 0.1%.
Sara Palmer, sales and distribution director at Gen H, said: “There is a lot of uncertainty and negativity in the markets as we approach the Autumn Budget. Hopefully, the cuts we’ve been able to make bring a little positivity to our broker panel and their clients.
“The trusted, expert guidance of a broker plays a critical role in helping clients decipher the signal from the noise as they make important decisions about their finances and futures – especially in times like these.”
“As a lender, we’re doing everything we can to support our broker partners as they undertake this important work,” Palmer added.
