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TODAY'S OTHER NEWS

TSB reduces buy-to-let rates by up to 0.25%

TSB has cut rates on selected buy-to-let fixed and tracker remortgage rates up to 75% loan-to-value (LTV).

The lender last made notable changes to its buy-to-let range in May when it launched a selection of buy-to-let remortgage products, 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% 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.

Nick Smith, TSB’s head of mortgages, said: “We’ve made a number of changes to our mortgage range with the sole purpose of helping more people borrow well, our changes are aimed at helping landlords as well as homeowners with both small and large deposits.”

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