TSB has introduced a three-year option to its ‘Fix and Flex’ range.

The three-year product is currently available for first-time buyers, home-movers and remortgage customers and will be available for buy-to-let customers from the end of March.

TSB previously launched five- and 10-year fixes in the range, which allows customers to leave the mortgage before the end of the fixed period without having to pay an early repayment charge.

Rates start at 1.34 per cent up to 90 per cent loan-to-value and product fees up to £995.

No application or ERC fees apply.

TSB director of mortgages Roland McCormack says: “In the current environment, we know customers want to feel more confident about the mortgage they choose without the worry of being tied in for too long, our new three-year Fix and Flex product is designed to do exactly that.” 

In addition, TSB has also revised its lending criteria for customers who are self-employed. From today, TSB will provide self-employed customers up to 90 per cent LTV and will accept up to 60 per cent of overtime and commission payments as income.