TSB will pull products and lift prices across its residential and buy-to-let fixed-rate ranges by up to 75 basis points on Thursday (25 April).
The bank’s changes cover:
Residential
It will withdraw all:
- Two-year tracker first-time buyer, home mover and remortgage products
It will lift rates on:
- Two-, three- and five-year fixed FTB, home mover and remortgage by up to 35bps
- Shared ownership and shared equity products by up to 75bps
BTL
It will withdraw all:
- Two-year tracker house purchase and remortgage products
- Two- and five-year fixed house purchase and remortgage products with no fee
It will lift rates on:
- Two- and five-year fixed house purchase and remortgage by up to 45bps
The move comes after HSBC, Barclays, NatWest, Co-op, Virgin Money Accord and Leeds Building Society all announced rate increases this week.
The changes come as lenders fear the Bank of England will push its first base rate cut into the second half of the year.
