In the first year of homeownership, there are many additional outgoings to consider from purchasing a fridge to painting a wall as people make their house into a home. TSB recognises this which is why it has introduced this innovative mortgage with lower initial monthly payments which will assist homeowners and first time buyers alike.
Key features:
- Lower interest rate in the first year to give homebuyers financial breathing space.
- Mortgages available over 75% and up to 95% loan-to-value in a TSB branch or over the phone.
- Mortgages available over 75% and up to 90% loan-to-value through a broker
- Available to first time buyers and those wishing to move home.
Ian Ramsden, Director of Mortgages at TSB, comments:
“We know the first year after moving can often be expensive as people make their house a home. Offering homebuyers some breathing space on their mortgage during the first year will give them the support to achieve this.
“Helping people get a foot onto the property ladder is a fundamental part of creating thriving local economies, and people thriving across the country is what we call, local banking for Britain.”
