TSB cuts resi rates by up to 85bps Mortgage Strategy

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TSB has cut selected rates across its residential range, which includes reductions to its shared ownership and shared equity prices of up to 85 basis points.  

The bank says its two-year shared equity loans for movers and first-time buyers, up to 60% loan to value, begin at 5.04%, with £500 cashback.  

Other highlights include two-year purchase fixed-rate deals for movers and first-time buyers, up to 60% LTV, which begin at 4.99%.  

While five-year fixed-rate remortgages up to 60% LTV, begin at 5.09%, with £300 cashback.  

The lender’s reductions cover:  

  • House purchase two-year fixes up to 85% LTV reduced by up to 30bps  
  • House purchase two-year fixes between 90% LTV and 95% LTV reduced by 5bps  
  • House purchase three-year fixes up to 75% LTV reduced by up to 30bps  
  • House purchase five-year fixe reduced by up to 30bps  
  • Remortgage two-, three- and five-year fixes reduced by up to 30bps  
  • Shared ownership and shared equity rates reduced by up to 85bps  

The lender adds that product end dates move out to the end of March. 


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