First-time Buyers

TSB launches its lowest fixed rate mortgages in six months

Christina Hoghton
Written By:
Christina Hoghton

Borrowers with large deposits benefit from rate reductions

TSB has today announced the launch of its lowest fixed rate mortgage since May 2015.

At the same time the lender is cutting rates on a range of its other mortgages available through mortgage brokers.

Homemovers and remortgagers with a large deposit or equity stake of at least 40% will be able to access a new two-year fixed rate at 1.44%, a reduction of 0.15% and TSB’s cheapest fix since May.

Two-year tracker mortgages from the lender have also been reduced by 0.15%, while it has cut its longer term five-year fixed deals by 0.10%.