TSB rate cuts – biggest reductions on 5 year fixed remortgage.
TSB Bank’s residential and buy to let mortgage rates have had a significant makeover with the biggest changes affecting its remortgage range.
This is good news for you the customer as the makeover has meant prices have been cut, despite last year’s rise in the base rate.
For instance, its 5 year fixed rate for up to 90% LTV has been reduced by 0.2% whereas its residential 2 year fixes or purchase at 80 – 95% LTV have been reduced by 0.1%.
TSB is one of a number of high-profile lenders who have revamped their ranges and made them more affordable rather than increasing prices, as expected. Skipton and NatWest are two other lenders who have also reviewed their pricing structures and TSB have followed suit again to make their offering competitive.
If you are looking for a better mortgage deal, then now really is an excellent time to find one. However, with so many options available and as pricing and incentives are changing all the time, the way forward is to seek professional assistance with your search.
Deal Direct are ideally placed to seek out the optimum remortgage option for you. With more than a decade’s experience in the market, we know our subject inside out. We also know the lenders extremely well and can match you with both a remortgage product, lending criteria and level of customer service that exceeds your expectations.