TSB announce launch of new BTL remortgage products

TSB has announced that it has expanded its buy-to-let remortgage range, offering either £300 cashback or free legal fees via intermediaries.

Related topics:  Finance
Warren Lewis
4th April 2019
TSB 740

According to the lender, two-year fixed rates start from 1.59% up to 60% LTV and 1.84% up to 75% LTV. Fee-free products are available at 2.29% at 60% LTV and 2.54% up to 75% LTV. Three-year fixed rates are available from 1.79% up to 60% LTV with a £1,995 fee or 2.29% fee-free. Between 60% and 75% LTV rates start from 2.19%, increasing to 2.69% with no fee.

Finally, five-year remortgage rates start from 2.09% up to 60% LTV or 2.39% fee-free, and between 2.44% and 2.74% up to 75% LTV.

Additionally, TSB has reduced selected existing buy-to-let products by 0.10%.

Nick Smith, TSB’s head of mortgages, said: “TSB is committed to helping customers to borrow well and the introduction of our new buy-to-let products with a £300 cashback offer or free legal fees is another step to helping landlords do just that.

The interest rate reductions on some of our products is also great news for landlords looking to guarantee their mortgage repayments for a set period of time, allowing them to better plan their investments, through our intermediary channels.”

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