TSB has today announced it is reducing the rates in its 10-year fixed mortgage range for borrowers with deposits of 20 per cent or less, while raising rates for those with bigger deposits.
The bank is reducing by up to 0.15 percentage points the rates for homebuyers and remortgage customers with 10-year fixed-rate mortgages and deposits between 10 and 20 per cent.
On the other hand, 10-year fixed-rate mortgage holders with deposits of 20 per cent and above will face a rate increase of up to 0.20 percentage points.
Rates now start at 3.34 per cent for homemovers and 3.39 per cent for remortgages, TSB said.
All of TSB’s 10-year fixed rate homemover and remortgage products are fee free so customers will not need to pay any more money to secure their mortgage.
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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