TSB Intermediary has launched 95% loan to value (LTV) mortgages to customers buying a home.
Rates on TSB’s 95% LTV deals start from 4.49% and are available to homebuyers looking to fix their repayments for two, three or five years.
| Homebuyers | ||||
| 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 |
The Bank is now extending its Fix and Flex mortgage for brokers helping homebuyers looking for a mortgage with 95% LTV. TSB is the only lender to offer a 10-year fix rate mortgage for buyers with a 5% deposit.
TSB’s new stepped mortgage, at 95% LTV, has also been added to the range of mortgages available to brokers.
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.”