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TODAY'S OTHER NEWS

TSB reduces remortgage rates

TSB has made selected rate changes to its buy-to-let and residential range, including cutting three- and five-year fixed remortgage products at up to 75% loan-to-value (LTV) by 0.1%.

The reduction of up 0.1% is combined with free legals or £300 cashback on its remortgage range.

“TSB continues to offer some of the most competitive deals on the market,” said Nick Smith, head of mortgages at TSB.”

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The lender launched a new range of buy-to-let remortgage products last month, with rates starting from 1.59%.

There are two-, three- and five-year products available.

Two-year fixed rate deals start from 1.59%, available at up to 60% loan-to-value (LTV) and 1.84% up to 75% LTV.

Fee-free products are available at 2.29% at 60% LTV and 2.54% up to 75% LTV.

Three-year fixed rates start from 1.79% up to 60% LTV with a £1,995 fee or 2.29% fee-free.

Between 60% and 75% LTV rates start from 2.19%, increasing to 2.69% with no fee.

Meanwhile five-year remortgage rates start from 2.09% up to 60% LTV or 2.39% fee-free, and between 2.44% and 2.74% up to 75% LTV.

TSB has also cut selected existing buy-to-let products by 0.1%.

Smith commented: “TSB is committed to helping customers to borrow well and the introduction of our new buy-to-let products with a £300 cashback offer or free legal fees is another step to helping landlords do just that.”

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