TSB reduces two-year fixed rates for shared ownership and shared equity borrowers

13th December 2017

The information contained in this press release is intended solely for journalists and should not be used by consumers to make financial decisions.

From today, TSB has launched new products and updated its fixed rates across its mortgage range.

Affordable housing

TSB’s two-year fixed rates for shared ownership and shared equity borrowers have been reduced by between 0.20% and 0.25%.

Shared ownership and shared equity borrowers can also now take out a new two-year fixed rate mortgage with no fee, with rates starting from 1.99% for home movers with a 25% or more deposit.

Buy to let

New two-year fixed rates with a £995 fee have been introduced for buy to let borrowers looking to either purchase a property or remortgage an existing one. Rates start from 1.79% for house purchasers with a 40% deposit.

Residential house purchase and remortgage

TSB’s house purchase and remortgage range is also being updated, with a series of rate changes to selected two-year, three-year and five-year fixed rate mortgages.

Media Contacts

The information contained in this press release is intended solely for journalists and should not be used by consumers to make financial decisions.

Notes to editors

Rates effective from 13 December 2017

Home mover two-year fixed

LTV	Fee	Old Rate %	New Rate %	Rate Difference %
0-60%	£995	1.24	1.34	+0.10
60-75%	£995	1.29	1.39	+0.10
75-80%	£995	1.39	1.49	+0.10
75-80%	£0	1.89	1.79	(0.10)
80-85%	£995	1.44	1.54	+0.10
80-85%	£0	1.94	1.84	(0.10)
90-95%	£0	3.79	3.94	+0.15

Home mover three-year fixed

LTV	Fee	Old Rate %	New Rate %	Rate Difference %
0-60%	£995	1.39	1.49	+0.10
60-75%	£995	1.44	1.54	+0.10
75-80%	£995	1.64	1.74	+0.10
80-85%	£995	1.74	1.84	+0.10

Home mover five-year fixed

LTV	Fee	Old Rate %	New Rate %	Rate Difference %
0-60%	£995	1.74	1.79	+0.05
60-75%	£995	1.89	1.94	+0.05
60-75%	£0	2.14	2.09	(0.05)
75-80%	£0	2.24	2.19	(0.05)
80-85%	£0	2.39	2.34	(0.05)

Remortgage two-year fixed

LTV	Fee	Old Rate %	New Rate %	Rate Difference %
0-60%	£995	1.34	1.44	+0.10
0-60%	£0	1.84	1.74	(0.10)
60-75%	£995	1.39	1.49	+0.10
60-75%	£0	1.89	1.79	(0.10)
75-80%	£995	1.44	1.54	+0.10
75-80%	£0	1.94	1.84	(0.10)
80-85%	£995	1.49	1.59	+0.10
80-85%	£0	1.99	1.89	(0.10)

Remortgage five-year fixed

LTV	Fee	Old Rate %	New Rate %	Rate Difference %
60-75%	£995	2.09	2.04	(0.05)
60-75%	£0	2.39	2.34	(0.05)
75-80%	£995	2.14	2.09	(0.05)
75-80%	£0	2.54	2.39	(0.15)
80-85%	£0	2.59	2.49	(0.10)

Shared ownership and shared equity home mover two-year fixed

New Product

LTV	Fee	Old Rate %	New Rate %	Rate Difference %	New
0-75%	£995	1.74	1.54	(0.20)
0-75%	£0		1.99		New Product
75-80%	£995	1.89	1.64	(0.25)
75-80%	£0		2.14		New Product
80-90%	£995	2.74	2.54	(0.20)
80-90%	£0		2.89		New Product

Shared ownership and shared equity remortgage two-year fixed

LTV	Fee	Old Rate %	New Rate %	Rate Difference %	New
0-60%	£995	2.04	1.84	(0.20)
0-60%	£0		2.29		New Product
60-75%	£995	2.14	1.94	(0.20)
60-75%	£0		2.44		New Product
75-85%	£995	2.29	2.09	(0.20)
75-85%	£0		2.59		New Product

Buy to let house purchase two-year fixed

LTV	Fee	Old Rate %	New Rate %	Rate Difference %	New
0-60%	£995		1.79		New Product
60-75%	£995		2.04		New Product

Buy to let remortgage two-year fixed

LTV	Fee	Old Rate %	New Rate %	Rate Difference %	New
0-60%	£1,995	1.44	1.54	+0.10
0-60%	£995		1.84		New Product
0-60%	£0	2.49	2.29	(0.20)
60-75%	£995		2.09		New Product

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