Lower LTV rates raised at TSB

TSB has announced today that it has made rate changes to its 2 and 5-year fixes, 2-year trackers for homemovers and also to its 5 year-fixed rates for those wishing to remortgage.

Related topics:  Finance
Warren Lewis
4th September 2015
TSB

Rates will increase by 0.05% across these mortgages for those that have a lower loan to value ratio on their home. The increase is in line with recent moves across the market.

On new house purchases, TSB is increasing rates for people with a lower LTV (up to 60%) across its two and five-year fixed rate mortgages. Rates now start at 1.54% for homemovers on a two-year fix.

Homemovers looking to benefit from the historically low Bank of England Base Rate will now see two-year trackers, for 0-60 per cent LTV, increase to 1.34% with a £1,995 fee and 1.79% with no fee.

For those remortgaging their existing home, TSB is increasing the rate on 0-60 per cent and 60-75% LTV remortgages on its five-year fixed rate product. Those looking to transfer to a new TSB mortgage when their previous one ends will see rates starting from 2.39%.

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