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TSB cuts rates on fixed and tracker mortgages

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TSB cuts rates on fixed and tracker mortgages

TSB has reduced a selection of its two-year fixed and two-year tracker mortgage rates for home movers, first-time buyers and remortgage customers, by up to 0.25%.

Roland McCormack, TSB mortgage distribution director, said: “Just a week after we launched our best ever five-year remortgage rate, we’re further helping borrowers by reducing rates across our two-year fixed rate mortgages and two-year tracker mortgages. This shows yet again how we are supporting homeowners to borrow well, whether you’re looking to get on the housing ladder or already have your own home.”

The new rates include a two-year fixed rate 1.89% at up to 75% of the property’s value for first-time buyers, a two-year fixed rate at 1.34% for home movers, and a two-year tracker 1.14% at up to 60% of the property’s value for remortgage customers.

The news follows recent announcements from TSB that it has introduced its best ever five-year remortgage rate, launched a mortgage range offering £750 cash-back, and scrapped Mortgage Application Fees across the entire product range.

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