17 November 2016

TSB reduces fixed rate and tracker rate mortgages

 

TSB today reduces selected two-year fixed and two-year tracker mortgage rates for home movers, first-time buyers and remortgage customers. The reductions, which range between 0.05% and 0.25%, help both would-be homeowners and existing borrowers to borrow well.

 

The new rates include a two-year fixed rate 1.89% at 60-75% LTV for first-time buyers, a two-year fixed rate 1.34% at 60-75% LTV for home movers, and a two-year tracker 1.14% at 0-60% LTV for remortgage customers.

Roland McCormack, TSB Mortgage Distribution Director, said: “Just a week after we launched our best ever five-year remortgage rate, we’re further helping borrowers by reducing rates across our two-year fixed rate mortgages and two-year tracker mortgages. This shows yet again how we are supporting homeowners to borrow well, whether you’re looking to get on the housing ladder or already have your own home.”

The news comes after recent announcements from TSB that it has introduced its best ever five-year remortgage rate, launched a dedicated mortgage range offering £750 cash-back, and scrapped Mortgage Application Fees across the entire product range.

 

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Notes to editors

TSB was built to bring more competition to UK banking – to be a real challenger to the big banks and to deliver the kind of banking the people of Britain want. 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 4.95 million customers, award winning mobile and digital banking, nationwide network of branches and 8,200 Partners mean we are big enough to make a difference, but small enough to be an agile challenger to the entire market.

For further information about TSB Bank plc, please visit our website www.tsb.co.uk .

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