TSB has unveiled a range of mortgages for first-time buyers with no product fees and £750 cashback.
The introduction of the new two, three, five and 10-year fixed rate products for first-time buyers, starting from 1.84%, as well as a two-year tracker from 1.74%, will all include £750 cashback on completion.
The bank has also launched its lowest ever five-year fixed rate for remortgaging at 1.89% with 0-60% LTV.
Shared ownership customers with a 0-75% LTV are eligible for a reduced rate of 1.74% with a £995 product fee or 2.24% with no product fee for a two-year fixed rate mortgage.
Roland McCormack, TSB mortgage distribution director, said: “Following a record summer of applications from customers looking to remortgage with TSB, it’s great to launch our best ever five-year remortgage rate today. Not only that, but TSB is helping first time buyers take their first step on the property ladder with the launch of our new, dedicated mortgage range offering £750 cashback and no product fees to new homeowners.”
The news comes after last week’s announcement that TSB was scrapping mortgage application fees across the entire product range.
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