TSB slashes remortgage rates

Posted on Monday, March 13 by Joy Tibbs

TSB has cut the interest rates on selected mortgages for home movers, first-time buyers and remortgage borrowers by 0.1%.

This affects five-year fixed rates for home movers, first-time buyers and remortgage borrowers (60-85% loan-to-value (LTV)); two-year fixed rates for remortgage borrowers (60-75% LTV), two-year tracker rates for remortgage borrowers (60-75% LTV).

Home movers and first-time buyers in the 85-95% LTV category will receive £250 cashback. None of these deals come with application fees.

Roland McCormack, mortgage distribution director, said: “We want to help more people to borrow well and today’s rate cuts are good news for those with a higher deposit [60-85% LTV] looking to get a mortgage.

“Home movers and first-time buyers with smaller deposits [85-95% LTV] can get £250 cashback, which will help with the cost of moving.”

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