TSB hikes product transfer rates by up to 90 basis points

Essex Home Finance
TSB has increased product transfer rates by as much as 90 basis points today.
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The lender has put up prices on a number of two and five-year fixed rates for existing borrowers looking to switch deals.

It has also made smaller increases of up to 5 basis points to 10-year fixed rates.

TSB’s newly repriced product transfer range includes:

  • Two-year fixed rates starting from 1.09 per cent with a £995 fee at up to 60 per cent loan-to-value
  • At the other end of the scale, for those with little or negative equity there’s a two-year fix at 3.49 per cent available between 90 and 120 per cent LTV.
  • Five-year fixes now start from 1.34 per cent with a £995 fee at up to 60 per cent LTV.
  • Borrowers requiring 90-120 per cent LTV can fix for five years at 3.54 per cent with no fee.
  • Product transfer end dates have moved to the end of February
  • Buy-to-let end dates have moved to the end of March

Original Article from Mortgage Strategy 24/11/2020

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