13 December 2017

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

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.

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Notes to editors

Rates effective from 13 December 2017

 

Home mover two-year fixed

LTV
Fee
Old Rate %
New Rate %
Rate Difference %
New
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 %
New
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 %
New
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 %
New
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 %
New
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.

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.

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

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