TSB has announced changes to its two- and five-year fixed-rate mortgages for customers, purchasing, moving home or remortgaging.
From today, 4 Septemebr, rates will increase by 0.05 percentage points across these products with a lower loan to value (LTV) ratio. The increase is in line with recent moves across the market.
On new house purchases, TSB is increasing rates for people with a lower LTV (up to 60 per cent) across its two- and five-year fixed rate mortgages. Rates now start at 1.54 per cent for homemovers on a two-year fix.
Home movers looking to benefit from the historically low Bank of England base rate will now see two-year trackers, for 0-60 per cent LTV, increase to 1.34 per cent with a £1,995 fee and 1.79 per cent with no fee.
For those remortgaging their existing home, TSB is increasing the rate on 0-60 per cent and 60-75 per cent LTV remortgages on its five-year fixed rate product. Those looking to transfer to a new TSB mortgage when their previous one ends will see rates starting from 2.39 per cent.
All homeowners who remortgage their property 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.
