TSB has cut selected landlord fixed-rate products for new and existing customers, by up to 30 basis points — and launches new residential offers.
Its buy-to-let offer includes a five-year buy-to-let fix, starting at 5.09%, available for house purchases and remortgages.
In the residential market, the lender adds a two-year fix at 5.69% available to first-time buyers and home movers, for loans between 85% loan to value and 90% LTV, with a free basic valuation and £500 cashback.
Highlights of the firm’s changes include:
BTL
- Two- and five-year fixed-rate house purchase and remortgage deals, reduced by up to 30bps
Product Transfer
- BTL two- and five-year fixed-rate deals up to 75% LTV, reduced by up to 30bps
Additional Borrowing
- BTL two- and five-year fixed-rate deals up to 75% LTV, reduced by up to 30bps
John Charcol mortgage technical manager Nicholas Mendes says: “TSB are the latest lender to provide notice of rate cuts, following similar moves this week from HSBC, Virgin, Halifax.
“TSB’s latest round of pricing will see them edge higher up the pecking order, but there is nothing here that is going to unsettle the existing best buys on the market.”
