TSB has today announced it is increasing rates, by up to 0.15 per cent, across a limited range of remortgages for homeowners who have a lower loan to value (LTV) ratio on their home.
The increase, which is in line with recent moves across the market, will affect a selected range of fixed and tracker rate remortgages.
There will also be a very small increase – 0.05 per cent – on two year fixed rate mortgages for homebuyers with a deposit of up to 15 per cent.
For homebuyers wanting a three year fixed rate deal, TSB is reducing its rate to 3.64%, and removing the £1,000 cashback offer which is currently only available through TSB Intermediary.
All homeowners who remortgage their home with TSB can still benefit from a free valuation and the Bank will also cover the standard legal costs. Customers with a TSB bank account can also benefit from a £150 cashback when remortgaging with TSB.
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