5 July 2017

TSB reduces five-year fixed rate for remortgage borrowers

TSB has reduced the interest rate by 0.10% on the five-year fixed rate at 60-75% LTV for residential remortgage borrowers.  This means the rate is now 1.79% with a £995 fee.

Roland McCormack, Mortgage Distribution Director, said: “The interest rate reduction on our five-year fixed rate remortgage product is a welcome step for those looking to fix their monthly payments for a longer period of time.  TSB is committed to helping people to borrow well and this rate reduction is an example of us doing exactly that.”

For a short period, TSB will not be offering some mortgages from its range, including its three-year fixed rate house purchase and ten-year fixed rate house purchase and remortgage products.

Notes to editors

Rates effective from 5 July 2017

Remortgage 5 Year Fixed

LTV
Fee
Old Rate %
New Rate %
Rate Difference %
60-75%
£995
1.89
1.79
(0.10)

TSB was built to bring more competition to UK banking and ultimately make banking better for all UK consumers. TSB only serves local customers and local businesses, to help fuel local economies, because communities thriving across Britain is a good thing for all of us.

We have a simple, straightforward and transparent banking model and make clear on our website how we operate and make money. We offer the products and services people tell us they want, with none of the funny stuff people normally associate with traditional banks.

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