TSB has today, Wednesday 29 July, further extended its buy-to-let mortgage range to include two year fixed rate mortgages for landlords looking to buy a new property at 75% loan to value (LTV).
The Bank has also introduced two year tracker rate buy to let mortgages, available at a LTV ratio of up to 75 per cent.
Landlords with higher LTV to benefit
Landlords with a LTV between 60-75 per cent can now take out a two year fixed rate TSB mortgage on a new property with rates starting at 2.99 per cent.
TSB now has a range of fixed rate buy-to-let mortgages available through brokers for landlords with a higher LTV looking for two, three or five year deals.
Two year tracker mortgages introduced
TSB is also introducing a range of two year tracker mortgages for landlords looking to benefit from the historically low Bank of England Base Rate*. Rates start at 1.54 per cent above the base rate with a fee of £1,995 for landlords with 60% LTV.
Roland McCormack, TSB Intermediary Director , says: "This is the latest step in our plan to offer a genuine alternative to the established intermediary lenders by providing brokers an expert-to-expert service that operates in all markets."
Notes to editors
- *Bank of England Base Rate currently at 0.50 per cent.
- Tables of rates and LTVs:
| Buy-to-Let - Homebuyer|
| Mortgage|| LTV (%)|| Fee|| Rate (%)|
|Two Year Fixed || 60-75||£1,995 || 2.99|
| 60-75||£995 ||3.14 |
| 60-75||£0 ||3.59 |
|Buy-to-Let - Homebuyer |
| Mortgage||LTV (%) ||Fee ||Rate (%) |
| Two Year Tracker||0-60 ||£1,995 ||2.04 |
|0-60||£995 ||2.44 |
|0-60||£0 ||2.84 |
|60-75||£1,995 ||2.79 |
|60-75||£995 ||2.94 |
|60-75||£0 ||3.39 |
- People can apply for TSB buy-to-let mortgages through a broker.
- All mortgage products are subject to current lending criteria and affordability assessments.
- Early Repayment Charges may apply during the fixed period.