You are here: Home -

Cut to five-year fixed rate mortgage from TSB

0
Written by:
06/07/2017
The lender has chopped the cost of its deal for those who want medium-term payment security
Cut to five-year fixed rate mortgage from TSB

TSB has cut the cost of its fixed rate deal for borrowers who want to lock in for five years.

The deal has been reduced by 0.10% on the five-year fixed rate at 60-75% loan-to-value for residential remortgage borrowers.

This means it is available for borrowers with at least 25% of the property’s value as a deposit.

The new rate is now 1.79% with a £995 fee.

Roland McCormack, mortgage distribution director, said: “The interest rate reduction on our five-year fixed rate remortgage product is a welcome step for those looking to fix their monthly payments for a longer period of time. 

“TSB is committed to helping people to borrow well and this rate reduction is an example of us doing exactly that.”

Deals withdrawn

TSB also announced it will not be offering some mortgages from its range for a short period, including its three-year fixed rate house purchase and 10-year fixed rate house purchase and remortgage products. 

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Your Mortgage Guides

Your Mortgage Award Winners 2019-2020

Download our guide to the best mortgage lenders in the UK

Read More >

Read previous post:
retirement
Four in 10 older borrowers have an interest-only mortgage

Many are using equity release as a way of repaying their outstanding mortgage debt

Close