TSB launches ‘best ever’ five-year fixed remortgage

8th November 2016

TSB has introduced a number of new remortgage deals, including its best ever five-year fixed rate remortgage at 1.89% from 0-60% loan-to-value (LTV).

The bank has also launched new deals for first-time buyers, with no product fees and £750 cashback to help would-be homeowners take their first step onto the property ladder. Its new two, three, five and ten-year fixed-rate products for first-time buyers start at 1.84%.

Finally, TSB is attempting to help those looking for shared ownership mortgages by reducing rates across the range. Shared ownership customers with a 0-75% (LTV) could take advantage of a reduced rate of 1.74% with a £995 product fee or 2.24% with no product fee on a two-year fixed-rate deal.

Roland McCormack, TSB mortgage distribution director, said: “Following a record summer of applications from customers looking to remortgage with TSB, it’s great to launch our best ever five-year remortgage rate today.

“Not only that, but TSB is helping first time buyers take their first step on the property ladder with the launch of our new, dedicated mortgage range offering £750 cashback and no product fees to new homeowners.

“TSB really is a lender that supports homeowners to borrow well, no matter if it’s for a customer’s first shared ownership home or if it’s downsizing into retirement.”

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