TSB cuts mortgage rates for various borrowing categories – The Intermediary

TSB is set to reduce its mortgage rates by up to 0.15% across its 2, 3, and 5-year fixed products.

The cuts will impact products for first-time buyers, home movers, and those remortgaging with a 0-75% loan-to-value (LTV) ratio.

The changes, effective from Friday, 10 May, follow the Bank of England’s decision to maintain the Base Rate at 5.25%.

Despite lenders increasing rates of late some lenders have been making downward adjustments to their prices.

Earlier today ‘Buy to Let by Foundation’, the buy-to-let division of Foundation Home Loans, launched new products for short-term and holiday lets and reduced fees across its existing range.

On Wednesday MPowered Mortgages cut its rates by up to 0.65% with 3-year fixed remortgage products starting from 4.49%, reduced from 4.59% at 60% LTV with a £999 arrangement fee.