TSB has introduced free standard valuations on all buy-to-let house purchase products.
It has also made rate changes to products for buy-to-let customers.
The include the following:
- Two-year fixed (60-75% LTV) remortgage rate reduced by 0.20 percentage points.
- Five-year fixed (0-75% LTV) remortgage rate reduced by up to 0.15 percentage points.
- Selected five-year fixed (0-75% LTV) house purchase rates reduced by up to 0.15 percentage points.
- Selected two-year, three-year and five-year fixed (0-75% LTV) house purchase and remortgage rates increased by up to 0.15 percentage points.
Nick Smith, TSB’s head of mortgages, said: “At a time when landlords are increasingly being squeezed financially, the reduction of some of our rates plus the offer of a free valuation on all our buy-to-let product range will be very welcome news for many.”