4 May 2017

TSB reduces selected buy to let mortgage rates

TSB has reduced interest rates by up to 0.25% on selected buy to let home mover and buy to let remortgage products.

Rate reductions in the buy to let mortgage range include:

  • Two-year fixed rates for home movers and remortgage borrowers – rates reduced by 0.20%-0.25%
  • Three-year fixed rates for home movers and remortgage borrowers – rates reduced by 0.10%-0.15% (excluding the no fee 0-60% LTV product)
  • Five-year fixed rates for home movers and remortgage borrowers – rates reduced by 0.15%-0.25%
  • Two-year tracker rates for home movers and remortgage borrowers – rates reduced by 0.20%-0.25%

Roland McCormack, Mortgage Distribution Director, said: “TSB helped over 14,000 people with their mortgages in the first three months of 2017 and provided £2.2 billion of new mortgage loans.

“We are committed to helping people borrow well and these rate cuts across the LTV ranges are an example of us doing exactly that.”

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Notes to editors

Rates from 28 Apr 2017

BTL HMV 2 Year Fixed

 LTV
Fee
Old Rat %
New Rate %
Rate Difference
0 - 60%
£1,995
1.79
1.54
(0.25)
0 - 60%
£995
2.24
1.99
(0.25)
0 - 60%
£0
2.69
2.49
(0.20)
60 - 75%
£1,995
2.09
1.84
(0.25)
60 - 75%
£995
2.54
2.29
(0.25)
60 - 75%
£0
3.09
2.89
(0.20)

BTL HMV 3 Year Fixed

 LTV
Fee
Old Rat %
New Rate %
Rate Difference
0 - 60%
£1,995
2.19
2.04
(0.15)
0 - 60%
£995
2.44
2.29
(0.15)
0 - 60%
£0
2.99
no change

60 - 75%
£1,995
2.69
2.54
(0.15)
60 - 75%
£995
2.89
2.74
(0.15)
60 - 75%
£0
3.49
3.39
(0.10)

BTL HMV 5 Year Fixed

 LTV
Fee
Old Rat %
New Rate %
Rate Difference
0 - 60%
£1,995
2.69
2.44
(0.25)
0 - 60%
£995
2.94
2.69
(0.25)
0 - 60%
£0
3.54
3.34
(0.20)
60 - 75%
£1,995
3.14
2.89
(0.25)
60 - 75%
£995
3.24
2.99
(0.25)
60 - 75%
£0
3.74
3.59
(0.15)

BTL HMV 2 Year Tracker

 LTV
Fee
Old Rat %
New Rate %
Rate Difference
0 - 60%
£1,995
1.69
1.44
(0.25)
0 - 60%
£995
2.14
1.89
(0.25)
0 - 60%
£0
2.59
2.39
(0.20)
60 - 75%
£1,995
1.99
1.74
(0.25)
60 - 75%
£995
2.44
2.19
(0.25)
60 - 75%
£0
2.99
2.79
(0.20)

BTL REM 2 Year Fixed

 LTV
Fee
Old Rat %
New Rate %
Rate Difference
0 - 60%
£1,995
1.79
1.54
(0.25)
0 - 60%
£995
2.24
1.99
(0.25)
0 - 60%
£0
2.69
2.49
(0.20)
60 - 75%
£1,995
2.09
1.84
(0.25)
60 - 75%
£995
2.54
2.29
(0.25)
60 - 75%
£0
3.09
2.89
(0.20)

BTL REM 3 Year Fixed

 LTV
Fee
Old Rat %
New Rate %
Rate Difference
0 - 60%
£1,995
2.19
2.04
(0.15)
0 - 60%
£995
2.44
2.29
(0.15)
0 - 60%
£0
2.99
no change

60 - 75%
£1,995
2.69
2.54
(0.15)
60 - 75%
£995
2.89
2.74
(0.15)
60 - 75%
£0
3.49
3.39
(0.10)

BTL REM 5 Year Fixed

 LTV
Fee
Old Rat %
New Rate %
Rate Difference
0 - 60%
£1,995
2.69
2.44
(0.25)
0 - 60%
£995
2.94
2.69
(0.25)
0 - 60%
£0
3.54
3.34
(0.20)
60 - 75%
£1,995
3.14
2.89
(0.25)
60 - 75%
£995
3.24
2.99
(0.25)
60 - 75%
£0
3.74
3.59
(0.15)

BTL REM 2 Year Tracker

 LTV
Fee
Old Rat %
New Rate %
Rate Difference
0 - 60%
£1,995
1.69
1.44
(0.25)
0 - 60%
£995
2.14
1.89
(0.25)
0 - 60%
£0
2.59
2.39
(0.20)
60 - 75%
£1,995
1.99
1.74
(0.25)
60 - 75%
£995
2.44
2.19
(0.25)
60 - 75%
£0
2.99
2.79
(0.20)

 

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