TSB has today announced it is launching fixed-rate mortgage offers for homebuyers with low deposits who are looking to get a deal through a broker.
Two-, three- and five-year fixed rate mortgages at 90-to-95 per cent loan-to-value (LTV) are now available via TSB Intermediary. Rates on start at 4.49 per cent.
The product range includes:
| Mortgage | Max LTV (%) | Fee | Rate (%) | Max loan size |
| Two Year Fixed | 90-95 | £0 | 4.49 | £250K |
| Three Year Stepped | 90-95 | £995 | 3.59 (year 1)4.69 (years 2 & 3) | £250K |
| Five Year Fixed | 90-95 | £0 | 4.89 | £250K |
| Ten Year Fix and Flex | 90-95 | £0 | 5.34 | £250K |
For customers looking to fix for a longer period, TSB has its Fix and Flex mortgage range. The bank is now extending it for brokers helping homebuyers with 5 per cent deposits get a mortgage.
TSB’s new stepped mortgage, at 95 per cent LTV, has also been added to the range of mortgages available to brokers. These give homebuyers some financial flexibility during the first year in their new home, and the assurance of a fixed rate for three years.
Roland McCormack, TSB Intermediary director, said:
“The mix of TSB’s mortgages allied to our reliable expert to expert service is proving to be a hit with brokers. The introduction of 95% mortgages through TSB Intermediary is the latest milestone in the launch of our intermediary offering.”
