TSB cuts selected remortgage rates

TSB cuts selected remortgage rates

TSB has reduced interest rates by up to 0.10 percentage points on selected mortgages for residential remortgage borrowers.

For example, five-year fixed rate mortgages for residential remortgage borrowers, 0-80% LTV, rates reduced by 0.05-0.10 percentage points.

Meanwhile, two-year fixed rate mortgages for residential house purchase borrowers, 85-95% LTV, have been temporarily withdrawn.

Roland McCormack, TSB’s mortgage distribution director, said: “The interest rate reductions on our five-year fixed rate remortgage product are great news for those looking to fix their monthly payments for a longer period of time.

“TSB is committed to helping people to borrow well and these rate reductions are an example of us doing exactly that.”