TSB for Intermediaries has launched a 0.99% best-buy rate available for remortgages up to £1 million.
At the end of the fixed period the mortgage reverts to the bank’s 3.59% standard variable rate and the overall cost for comparison is 3.2% APRC representative.
TSB’s 0.99% mortgage has a £1,495 arrangement fee, and applicants will need a 40% deposit to qualify. Early repayment charges apply until 31 August 2023.
Aaron Strutt, product director at Trinity Financial, says: "The lenders are really pushing to provide as many mortgages as possible and they are offering cheaper rates with more generous acceptance criteria to attract borrowers.
"If you are coming to the end of your existing rate, it is unlikely your provider will offer you a sub-1% mortgage. It really does offer incredible value for money."
Call Trinity Financial on 020 7016 0790 to secure a sub-1% remortgage rate or book a consultation