TSB is supporting its existing customers who are coming to the end of their fixed term mortgage deal or who are already on its Standard Variable Rate or Homeowner Variable Rate. Customers currently on the SVR at 2.50 per cent could benefit from a saving up to 0.40 per cent by moving onto TSB’s new mortgage offers – with rates starting from just 2.09 per cent. This could put hundreds of pounds a year back into people’s pockets.
Homeowners who took out a TSB mortgage after June 2010 may have recently moved onto TSB’s Homeowner Variable Rate when their previous deal ended. With the HVR currently at 3.99 per cent, the savings could be even bigger. Existing TSB customers, with an outstanding loan of £200,000, could potentially save more than £2,300 a year by transferring their mortgage to a two year fix at 1.99 per cent.
TSB customers looking to fix their repayments for a longer term are also able to benefit from the 0.1 percent rate reduction with five year fixed rates starting at just 2.69 per cent.
All the mortgages in this range are fee free so customers won’t need to pay more money to move their mortgage.
