TSB launches new products and reduces rates for home movers and remortgage borrowers

29th September 2017

The information contained in this press release is intended solely for journalists and should not be used by consumers to make financial decisions.

TSB has launched new products and reduced interest rates by up to 0.25% on mortgages for home movers and remortgage borrowers.

A summary of the new products:

New three-year fixed rates for home movers and remortgage borrowers, starting from 1.39% at 0-60% LTV.
New 10-year fixed rates with 10-year ERC for home movers and remortgage borrowers, starting from 2.34% at 0-60% LTV.
New £0 fee products for all buy to let mortgages for home movers and remortgage borrowers.
New two-year fixed rate, 3.99% at 90-95% LTV, for home movers.

The rate reductions affect the following products:

Two-year fixed rates for home movers across all LTVs – reduced by up to 0.20%.
Five-year fixed rates for home movers at 85-95% LTV – reduced by up to 0.20%.
10-year fixed rates for home movers and remortgage borrowers at 0-85% LTV – reduced by up to 0.15%.
Two-year fixed rates for remortgage borrowers at 60-90% LTV – reduced by up to 0.20%.
Five-year fixed rates for remortgage borrowers across all LTVs – reduced by up to 0.25%.

Roland McCormack, Mortgage Distribution Director, said: “Our new mortgages and rate reductions are an example of us helping more people to borrow well and they are a welcome step for those looking to fix their monthly payments for a longer period of time.”

Media Contacts

The information contained in this press release is intended solely for journalists and should not be used by consumers to make financial decisions.

Notes to editors

Rates effective from 29 September 2017

Home Mover 2 Year Fixed

LTV	Fee	Old Rate %	New Rate %	Rate Difference %	New
0 - 60%	£995	1.29	1.24	(0.05)
0 - 60%	£0	1.74	1.69	(0.05)
60 - 75%	£995	1.39	1.29	(0.10)
60 - 75%	£0	1.84	1.74	(0.10)
75 - 80%	£995	1.54	1.39	(0.15)
75 - 80%	£0	2.04	1.89	(0.15)
80 - 85%	£995	1.64	1.44	(0.20)
80 - 85%	£0	2.14	1.94	(0.20)
85 - 90%	£995	2.09	2.04	(0.05)
85 - 90%	£0	2.49	2.44	(0.05)
90 - 95%	£0	0	3.99		£250 Cashback

Home Mover 3 Year Fixed

LTV	Fee	New Rate %	New
0 - 60%	£995	1.39
0 - 60%	£0	1.69
60 - 75%	£995	1.44
60 - 75%	£0	1.74
75 - 80%	£995	1.64
75 - 80%	£0	1.94
80 - 85%	£995	1.74
80 - 85%	£0	2.04
85 - 90%	£995	2.29	£250 Cashback
85 - 90%	£0	2.59	£250 Cashback
90 - 95%	£0	4.19	£250 Cashback

Home Mover 5 Year Fixed

LTV	Fee	Old Rate %	New Rate %	Rate Difference %
85 - 90%	£995	2.94	2.74	(0.20)
85 - 90%	£0	3.14	2.94	(0.20)
90 - 95%	£0	4.54	4.49	(0.05)

Home Mover 10 Year Fixed with 5 year ERC

LTV	Fee	Old Rate %	New Rate %	Rate Difference %
0 - 60%	£0	2.79	2.64	(0.15)
60 - 75%	£0	2.94	2.79	(0.15)
75 - 85%	£0	3.33	3.19	(0.14)

Home Mover 10 Year Fixed with 10 year ERC

LTV	Fee	New Rate %
0 - 60%	£995	2.34
0 - 60%	£0	2.44
60 - 75%	£995	2.49
60 - 75%	£0	2.59

Remortgage 2 Year Fixed

LTV	Fee	Old Rate %	New Rate %	Rate Difference %
60 - 75%	£995	1.24	1.19	(0.05)
60 - 75%	£0	1.74	1.69	(0.05)
75 - 80%	£995	1.34	1.24	(0.10)
75 - 80%	£0	1.84	1.74	(0.10)
80 - 85%	£995	1.44	1.34	(0.10)
80 - 85%	£0	1.89	1.79	(0.10)
85 - 90%	£995	2.39	2.19	(0.20)
85 - 90%	£0	2.69	2.49	(0.20)

Remortgage 3 Year Fixed

LTV	Fee	New Rate %
0 - 60%	£995	1.39
0 - 60%	£0	1.69
60 - 75%	£995	1.44
60 - 75%	£0	1.74
75 - 80%	£995	1.64
75 - 80%	£0	1.94
80 - 85%	£995	1.74
80 - 85%	£0	2.04
85 - 90%	£995	2.29
85 - 90%	£0	2.59

Remortgage 5 Year Fixed

LTV	Fee	Old Rate %	New Rate %	Rate Difference %
0 - 60%	£995	1.79	1.69	(0.10)
0 - 60%	£0	2.04	1.94	(0.10)
60 - 75%	£995	1.89	1.79	(0.10)
60 - 75%	£0	2.39	2.29	(0.10)
75 - 80%	£995	2.04	1.94	(0.10)
75 - 80%	£0	2.54	2.44	(0.10)
80 - 85%	£995	2.29	2.19	(0.10)
80 - 85%	£0	2.69	2.59	(0.10)
85 - 90%	£995	3.14	2.89	(0.25)
85 - 90%	£0	3.33	3.09	(0.24)

Remortgage 10 Year Fixed with 5 year ERC

LTV	Fee	Old Rate %	New Rate %	Rate Difference %
0 - 60%	£0	2.84	2.69	(0.15)
60 - 75%	£0	3.04	2.89	(0.15)
75 - 85%	£0	3.38	3.34	(0.14)

Remortgage 10 Year Fixed with 10 year ERC

LTV	Fee	New Rate %
0 - 60%	£995	2.39
0 - 60%	£0	2.49
60 - 75%	£995	2.59
60 - 75%	£0	2.69

New Buy To Let Home Mover 2 Year Fixed

LTV	Fee	Old Rate %	New Rate %	Rate Difference %	New
0 - 60%	£0		2.39		£250 Cashback
60 - 75%	£0		2.49		£250 Cashback

New Buy To Let Home Mover 3 Year Fixed

LTV	Fee	Old Rate %	New Rate %	Rate Difference %	New
0 - 60%	£0		2.49		£250 Cashback
60 - 75%	£0		2.94		£250 Cashback

New Buy To Let Home Mover 5 Year Fixed

LTV	Fee	Old Rate %	New Rate %	Rate Difference %	New
0 - 60%	£0		2.89		£250 Cashback
60 - 75%	£0		3.19		£250 Cashback

New Buy To Let Remortgage 2 Year Fixed

LTV	Fee	Old Rate %	New Rate %	Rate Difference %	New
0 - 60%	£0		2.09		£250 Cashback
60 - 75%	£0		2.49		£250 Cashback

New Buy To Let Remortgage 3 Year Fixed

LTV	Fee	Old Rate %	New Rate %	Rate Difference %	New
0 - 60%	£0		2.49		£250 Cashback
60 - 75%	£0		2.94		£250 Cashback

New Buy To Let Remortgage 5 Year Fixed

LTV	Fee	Old Rate %	New Rate %	Rate Difference %	New
0 - 60%	£0		2.89		£250 Cashback
60 - 75%	£0		3.19		£250 Cashback

TSB was built to bring more competition to UK banking and ultimately make banking better for all UK consumers. TSB only serves local customers and local businesses, to help fuel local economies, because communities thriving across Britain is a good thing for all of us.

We have a simple, straightforward and transparent banking model and make clear on our website how we operate and make money. We offer the products and services people tell us they want, with none of the funny stuff people normally associate with traditional banks.

Our five million customers appear to notice: TSB is Britain’s most recommended high street bank and was recently identified as one of the top 10 big companies to work for.

For further information about TSB Bank plc, please visit our website www.tsb.co.uk.