TSB is reducing rates across a range of fixed and tracker-rate mortgages for homemovers, remortgagors and landlords, as well as increasing the maximum loan available on selected mortgages to £1m.
The largest rate cut will benefit homeowners with a high loan to value (LTV) of 90-95%, who could gain from a 0.41 basis point reduction to TSB’s three-year fixed rate mortgage – reduced to 3.58% with a £995 product fee.
Meanwhile, homeowners with a lower LTV of 60-75% could benefit from reduction of up to 0.40 basis points, with TSB’s three-year fixed rate mortgage for homemovers at 1.54%, with a £995 product fee, and 1.64% with a £995 product fee for remortgagors.
Homemovers and remortgagors with an LTV of up to 60% can now apply for a two-year fixed or tracker-rate mortgage with a maximum loan limit of £1m, increased from £500,000.