Mortgage Finance Gazettee - TSB reduces rates by up to 0.45%, as other lenders also reprice
Product transfer residential two- and five-year fixed rates between 0% and 90% loan-to-value (LTV) are being increased by up to 0.15%, while buy-to-let (BTL) two- and five-year fixed rates between 0% and 75% LTV are up by up to 0.15%.
Commenting on TSB’s product changes, Trinity Financial product and communications director Aaron Strutt says: “TSB is following Santander by making some chunky rate reductions which is very welcome news for anyone on the hunt for a more competitively priced mortgage.”
“It seems likely the other big lenders will announce rate cuts soon. TSB has made a few 0.5% rate rises recently so it is great to see the bank cutting its prices again. Coventry has also announced it is lowering some of its rates."
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The information contained within was correct at the time of publication but is subject to change.
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