TMW makes 0.4% cuts; Accord and TSB reprice | Mortgage Strategy

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TMW is cutting rates by up to 40 basis points tomorrow on some deals, while Accord and TSB are making rate changes on Friday.

TMW says it will be making rate cuts to its two-year remortgage deals, but increasing rates across its limited company range.

The buy-to-let lender’s new remortgage deals include a two-year fixed at 1.39% up to 65% LTV with a £1,995 fee or at 1.59% with a £995 fee.

It will also offer a remortgage-only two-year fixed at 1.79% up to 75% LTV with a £995 fee.

All three deals mentioned come with free legals and valuation.

Meanwhile Accord is cutting rates on residential product transfers on Friday and TSB is bringing out a number of new two-year fixed rates at 95% LTV.

Accord says it will be reducing the cost of 15 product transfer and additional loan deals at 65%, 75%, 80% and 85% LTV by up to 14 basis points.

The lender has yet to reveal more specific details of the rate changes.

TSB has notified brokers it will be launching two new deals for borrowers with a 5% deposit on Friday.

The lender says that it will be increasing rates on a number of residential and buy-to-let deals, as well as withdrawing some others.

Brokers wanting to secure products from its current range must submit applications before 8pm on Thursday.

It will not be revealing the new rates until Friday.

The following TSB residential products are being withdrawn or increased:

  • First-time buyer two-year fixed at 2.39% up to 85% LTV
  • Purchase two-year fixed at 2.39% up to 85% LTV
  • Remortgage two-year fixed with either free legals or £300 cashback at 1.19% up to 75% LTV
  • Remortgage two-year fixed with either free legals or £300 cashback at 1.89% up to 80% LTV
  • Remortgage five-year fixed with three-year early repayment charge and either free legals or £300 cashback at 1.89% up to 60% LTV
  • Remortgage five-year fixed with free legals or £300 cashback at 1.69% up to 60% LTV

The following TSB buy-to-let deals are being withdrawn or increased:

  • Buy-to-let purchase two-year fixed at 1.94% up to 60% LTV
  • Buy-to-let purchase five-year fixed at 1.84% up to 60% LTV
  • Buy-to-let remortgage two-year fixed with free legals or £300 cashback at 1.94% up to 60% LTV
  • Buy-to-let remortgage five-year fixed with free legals or £300 cashback at 1.84% up to 60% LTV

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