TSB has reduced the rates on a range of high loan-to-value (LTV) fixed mortgages and introduced a £250 cash back for customers with smaller deposits.
The lender has also launched two new mortgage deals at 90-95 per cent LTV for first-time buyers and home movers.
The new two-year fixed mortgage at 90-95 per cent LTV offers a rate of 3.98 per cent, whereas the five-year fixed comes in at 4.69 per cent. Customers can also benefit from £250 cash back when choosing these products.
Those that have a lower LTV ratio on their home (less than 85 per cent) will see rates increase on two-year fixed rate, two-year tracker and five-year fixed rate mortgages by up to 0.10 per cent. The increase is in line with recent moves across the market, TSB said.
The changes include:
| Mortgage | LTV (%) | Fee | Previous Rate (%) | New Rate (%) | % change | |
| Two-Year
Fixed |
85-90% | £995 | 3.14 | 3.09 | (0.05) | |
| 85-90% | £0 | 3.54 | 3.49 | (0.05) | ||
| 90-95% | £995 | n/a | 3.98 | |||
| 90-95% | £0 | 4.39 | 4.29 | (0.10) |
| Homemover – mortgage | ||||||
| Mortgage | LTV (%) | Fee | Previous Rate (%) | New Rate (%) | % change | |
| Five-Year
Fixed |
85-90% | £995 | 3.79 | 3.69 | (0.10) | |
| 85-90% | £0 | 3.98 | 3.89 | (0.09) | ||
| 90-95% | £995 | n/a | 4.69 | |||
| 90-95% | £0 | 4.89 | 4.89 | No change | ||
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