TSB will cut residential and landlord fixed-rate loans by up to 50 basis points and raise others — while Accord Mortgages will launch, pull and lift residential new business offers by as much as 28bps on Friday (9 February).  

Changes at TSB include:  

Residential  

It will raise rates on:  

• Two- and five-year first-time buyer and house purchase fixes between 85% loan to value to 90% LTV, with a £995 fee, lift by 10bps  
• Two-year remortgage fixes up to 75% LTV, lift by 20bps  

It will reduce rates on:    

Buy to let  

• Two- and five-year house purchase fixes, down by up to 50bps  
• Five-year remortgage fixes, down up to 50bps  

Product Transfer  

It will increase rates on:  

• Residential two-year fixes up to 75% LTV, lift by 20bps  

It will reduce rates on:  

• BTL five-year fixes, down by up to 50bps  

Additional Borrowing  

It will increase rates on:  

• Residential two-year fixes up to 75% LTV, lift by 20bps  

It will reduce rates on:  

• BTL five-year fixes, down by up to 50bps  

The lender tells brokers to submit existing applications for these products by midnight 8 February, in a note, “as they won’t be available after this time”.  

Meanwhile, Accord Mortgages will pull its residential new business range at 10pm 8 February and make a new suite of products available the following morning.  

The specialist lender’s changes include:  

New products  

• Introduces additional boost loan-to-income options, with £1,995 fee  
• Introduces additional remortgage options, with £500 cashback, including offset, boost LTI and cascade score options  

Pulled products  

• Withdraws 80% LTV and 85% LTV large Loan products, with a £995 fee.  
• Withdraws selected products at 80% LTV   
• Withdraws three-year 90% LTV and 95% LTV new build products  

Product changes  

• 75% LTV, 85% LTV and 90% LTV Boost LTI products rise by up to 10bps, fees cut to £99
• 85% LTV Boost LTI large loan products will be cut by up to 28bps, fees lifted to £1,995 

The lender tells brokers, in a note, that full mortgage applications “must be submitted by the time of withdrawal to secure a new lending product”.   

It adds: “If you are yet to submit a decision-in-principle, please do so as soon as possible as any referrals will only be looked at during normal office hours.”