The lender has also announced reduced rates on the majority of mortgages available to landlords.
The £250 cashback will be paid to all landlords on completion of the mortgage, and is available on two, three and five-year fixed terms as well as a two-year tracker.
Landlords looking for a two-year fixed rate mortgage could benefit from a 0.25 per cent rate cut with rates as low as 2.34 per cent with a £1,995 product fee, whilst those looking for a five-year fixed rate mortgage could gain from a 0.25 per cent rate cut to 3.14 per cent with a £1,995 product fee.
Roland McCormack, Mortgage Distribution Director at TSB, said:
“We have been thinking for some time how we can further help landlords borrow well, and today’s announcement does exactly that. Not only are we reducing rates, maintaining TSB’s competitive position in the market, but we are also bucking the trend by introducing £250 cashback across our Buy-to-Let range.”
