TSB reduces remortgage rates

TSB reduces remortgage rates

TSB has cut interest rates on selected remortgage deals by up to 15 basis points.

This means that TSB’s five-year fixed rate mortgages for remortgage borrowers are now at their lowest ever, starting at 1.74% (0-60% LTV, £995 fee).

Rate reductions in the residential mortgage range include:

  • Three-year fixed rate mortgage for remortgage borrowers, 0-75% LTV, rates reduced by 15 basis points.
  • Five-year fixed rate mortgage for remortgage borrowers, 0-85% LTV, rates reduced by up to 15 basis points.
  • 10-year fixed rate mortgages for remortgage customers, 0-60% LTV, rates reduced by 15 basis points.

However, rates for two and three-year fixed rate mortgages for house purchase borrowers, 90-95% LTV, will increase by up to 15 basis points.

Roland McCormack, mortgage distribution director, said: “Just last week, we reduced the rates for a number of our buy-to-let mortgages. Now, we are further helping people to borrow well by launching our lowest ever five-year fixed rate for remortgage borrowers, as part of our rate reductions for selected products in our remortgage range.”