TSB has introduced 3- and 5-year fixed rate products up to 90% LTV to its Fix and Flex range.
TSB has introduced 3- and 5-year fixed rate products up to 90% LTV to its Fix and Flex range.
According to the lender, 3-year fixed rate products start from 1.34% and 5-year fixes begin from 1.59%.
At 90% LTV, 3-year fixed rates are available at 3.44% with a £995 fee and 3.84% with no fee.
Meanwhile, 5-year fixed rate 90% LTV products are available at 3.69% with a £995 fee, or without a fee at 3.89%.
In addition, between 85% and 90% LTV the maximum loan is restricted to £500,000.
The lender’s 3-year Fix and Flex products will be available to first-time buyers, home movers and remortgage customers immediately and for buy-to-let customers it is available from end of March.
Roland McCormack, director of mortgages at TSB, said: “In the current environment, we know customers want to feel more confident about the mortgage they choose without the worry of being tied in for too long, our new three-year Fix and Flex product is designed to do exactly that.”
