TSB and Principality announce rate cuts across range

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TSB is making a slew of mortgage rate cuts of up to 15bps across its residential range. The lender is making these reductions on its two-year fixed house purchase home loan, from 0-90% loan-to-value (LTV).

The same rate cuts apply to its five-year version of the home loan, from 0-60% LTV with a £0 fee.

TSB is lowering rates by up to 15bps on its two-year fixed shared ownership and shared equity house purchase mortgage, from 0-90% LTV.

Similarly, the lender is making 15bps trims to its five-year equivalent home loan, from 60-95% LTV , and its five-year fixed shared equity house purchase homeloan, at 60-85% LTV.

But borrowers will need to act quickly, as TSB will stop taking applications at the end of 4 November.

Last week TSB also lowered costs on a number of its residential mortgage deals.

Two-year fixed house purchase products were cut by up to 20bps, while two-year fixed remortgage products fell by up to 10bps.

Two-year fixed shared ownership and shared equity house purchase products were also trimmed by up to 20bps.

Principality for Intermediaries has announced a number of rate decreases including, on residential,  two-year fixed 65% LTV products cuts up to 0.04%; five-year fixed 65% LTV products reduced by 0.02%; two-year fixed 80% LTV product (with £895 product fee) cut by 0.02%; five-year fixed 80% LTV products cut by up to 0.05%; three -year fixed 85% LTV product cut by 0.03%; three-year fixed 90% LTV product reduced by 0.02%;

For residential (with cashback) Principality for Intermediaries is offering a five-year fixed 65% LTV with rate cut by 0.03%; five-year fixed 85% LTV product by 0.02% and two-year fixed 90% LTV product by 0.04%.

For joint borrower sole proprietor, the lenders is offering a two-year fixed 75% LTV product cut by 0.02% and five -year fixed 75% LTV product by 0.05%;  and a five -year fixed 85% LTV product reduced by 0.09%

For buy to let, a five-year fixed 60% LTV cut by up to 0.06%; and a five-year fixed 75% LTV product (without product fee) cut by 0.05%

For holiday let, Principality is offering a two-year fixed 60% LTV product (without product fee) cut by 0.05% and a five-year fixed 60% LTV option reduced by 0.08%

The lender has also announced rate increases, including a five-year fixed 95% LTV option up by 0.05%.


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