TSB reduces five-year fix for remortgage borrowers

TSB has reduced the interest rate by 0.10% on the five-year fixed rate at 60 – 75% LTV for residential remortgage borrowers. The rate is now 1.79% wit

TSB has reduced the interest rate by 0.10% on the five-year fixed rate at 60 – 75% LTV for residential remortgage borrowers.

The rate is now 1.79% with a £995 fee.

Roland McCormack, mortgage distribution director, said: “The interest rate reduction on our five-year fixed rate remortgage product is a welcome step for those looking to fix their monthly payments for a longer period of time.”

For a short period, TSB will not be offering some mortgages from its range, including its three-year fixed rate house purchase and ten-year fixed rate house purchase and remortgage products.

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