15 May 2017

TSB launches its lowest ever five-year fixed rate for remortgage customers

TSB has reduced interest rates by up to 0.15% on selected mortgages for borrowers looking to remortgage their home. This means that TSB’s five-year fixed rate mortgages for remortgage borrowers are now at their lowest ever, starting at 1.74% (0-60% LTV, £995 fee).

Rate reductions in the residential mortgage range include:

  • Three-year fixed rate mortgage for remortgage borrowers, 0-75% LTV, rates reduced by 0.15%
  • Five-year fixed rate mortgage for remortgage borrowers, 0-85% LTV, rates reduced by up to 0.15%
  • 10-year fixed rate mortgages for remortgage customers, 0-60% LTV, rates reduced by 0.15%

Roland McCormack, Mortgage Distribution Director, said: “Just last week, we reduced the rates for a number of our buy to let mortgages. Now, we are further helping people to borrow well by launching our lowest ever five-year fixed rate for remortgage borrowers, as part of our rate reductions for selected products in our remortgage range.”

Rates for two and three-year fixed rate mortgages for house purchase borrowers, 90-95% LTV, will increase by up to 0.15%.

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Notes to editors

Rates effective from 12 May 2017

Home Mover 2 Year Fixed

LTV
Fee
Old Rate %
New Rate %
Rate Difference %
90-95%
£995
3.58
3.68
+0.10
90-95%
£0
3.99
4.09
+0.10

 

Home Mover 3 Year Fixed

LTV
Fee
Old Rate %
New Rate %
Rate Difference %
90-95%
£995
3.58
3.78
+0.15
90-95%
£0
3.98
4.13
+0.15

 

Remortgage 3 Year Fixed

LTV
Fee
Old Rate %
New Rate %
Rate Difference %
0-60%
£995
1.69
1.54
0.15
0-60%
£0
2.09
1.94
0.15
60-75%
£995
1.74
1.59
0.15
60-75%
£0
2.14
1.99
0.15

 

Remortgage 5 Year Fixed

LTV
Fee
Old Rate %
New Rate %
Rate Difference %
0-60%
£995
1.89
1.74
0.15
0-60%
£0
2.09
1.94
0.15
60-75%
£995
1.99
1.89
0.10
60-75%
£0
2.39
2.29
0.10
75-80%
£995
2.14
2.09
0.05
75-80%
£0
2.54
2.49
0.05
80-85%
£995
2.29
2.24
0.05
80-85%
£0
2.69
2.64
0.05

 

Remortgage 10 Year Fixed with 10 year ERC

LTV
Fee
Old Rate %
New Rate %
Rate Difference %
0-60%
£995
2.64
2.49
0.15
0-60%
£0
2.74
2.59
0.15

 

Remortgage 10 Year Fixed with 5 year ERC

LTV
Fee
Old Rate %
New Rate %
Rate Difference %
0-60%
£0
2.94
2.79
0.15

 

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