TSB removes two-year fixes at 60% LTV and above

Essex Home Finance
TSB has withdrawn the majority of its two-year fixes for new business from the market on what it says is a temporary basis.
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TSB has withdrawn the majority of its two-year fixes for new business from the market on what it says is a temporary basis.

The lender has removed its 60 per cent LTV to 90 per cent LTV two-year fixes for first-time buyers and house purchase as well as remortgage products from 60 per cent LTV to 85 per cent LTV.

Alongside this, TSB has cut rates on its 85 per cent LTV to 90 per cent LTV five-year fixes with three-year ERCs for FTBs and house purchase by 10 basis points.

The lender has also increased rates on its 60 per cent LTV to 90 per cent LTV five-year fixes with five-year ERCs by 15 basis points.

The same basis point increase has been made to TSB’s 85 per cent LTV to 90 per cent LTV first-time buyer stepped down products.

Additionally, all product ends dates have been moved to the end of May.

Original Article from Mortgage Strategy 15/01/2021

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