TSB cuts rates

TSB has cut its rates across a range of mortgages for homemovers with a high loan-to-value in addition to dropping rates for remortgagors with a low LTV.

The biggest rate cut announced is 0.40% on TSB’s two-year fixed rate mortgage for homemovers with a LTV of 85-90%, whilst customers with the same LTV looking for a three-year fixed rate mortgage will seea 0.30% reduction.

Homemovers with a slightly higher LTV of 90-95%will see ratescut 0.20% on two-year fixed rate mortgages and 0.10% on five-year and 10-year fixed mortgages.

Also helping remortgagors with lower LTVs, TSB has reduced the rate of its five-year fixed rate remortgage product for customers with a LTV of 0-60%.