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
5 Year Fixed
|LTV||Fee||Old Rate %||New Rate %||Rate Difference %|
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.
Our five million customers appear to notice: TSB is Britain’s most recommended high street bank and was recently identified as one of the top 10 big companies to work for.
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