New high-LTV remortgage deals at TSB

28th March 2016

TSB has introduced a new range of remortgage deals available to homeowners with small deposits as well as reducing rates on several home mover deals.

Remortgage customers with a loan-to-value (LTV) of 85-90% will be able to benefit from new two, three, five and ten-year fixed-rate mortgages with rates starting from 2.59%.

Meanwhile, home movers taking out a two-year fixed-rate deal with an LTV of 85-90% can take advantage of either a 0.1% reduction to 3.19% with a product fee of £995 or a 0.2% reduction from 3.79% to 3.59% with no product fee.

Two-year fixed-rate mortgage rates for home movers with a 90-95% LTV have been cut by 0.1%, with or without a product fee, while those seeking a three or five-year fix can also take advantage of a 0.1% rate reduction.

Roland McCormack, mortgage distribution director at TSB, said: “Helping people borrow well is exactly what TSB was built to do. Today’s new products, focused on customers with smaller deposits, will help more homeowners do exactly that.

“By cutting rates, TSB is providing more options to more homeowners across Britain, helping them take their next steps on the property ladder.”

*2 year fixed with TSB 1.09% then 3.59% - APRC is 3.3% Max LTV is 60%. Quoted on 27th May 2020.