It reduces rates by up to 55bps
TSB has announced new rates for a selection of two-year mortgage products, with the lowered rates hitting the market immediately.
In the lender’s residential range, first-time buyer mortgages with a two-year term saw reductions of up to 55 basis points (bps). Rates now start at 4.54% for a 0 to 60% loan-to-value (LTV) mortgage, accompanied by a £995 fee.
Home mover mortgages for the same period also had cuts of up to 55bps, starting at 4.54% for a 0 to 60% LTV mortgage with a £995 fee, while two-year remortgages were slashed by up to 40bps, with rates from 4.44% for a 0 to 60% LTV mortgage, including a £995 fee and free legal services.
Meanwhile, in the product transfer range, two-year mortgages had decreases of up to 45bps, featuring rates starting at 4.24% for a 0 to 60% LTV mortgage with a £995 fee.
Full details of all TSB mortgage products, reflecting the latest rate changes, are available on the lender’s website.
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