TSB launches its lowest ever Five Year Fixed Rate for Remortgage Customers

15th May 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 reduced interest rates by up to 0.15% on selected mortgages for borrowers looking to remortgage their home. This means that TSB’s five-year fixed rate mortgages for remortgage borrowers are now at their lowest ever, starting at 1.74% (0-60% LTV, £995 fee).

Rate reductions in the residential mortgage range include:

Three-year fixed rate mortgage for remortgage borrowers, 0-75% LTV, rates reduced by 0.15%
Five-year fixed rate mortgage for remortgage borrowers, 0-85% LTV, rates reduced by up to 0.15%
10-year fixed rate mortgages for remortgage customers, 0-60% LTV, rates reduced by 0.15%

Roland McCormack, Mortgage Distribution Director, said: “Just last week, we reduced the rates for a number of our buy to let mortgages. Now, we are further helping people to borrow well by launching our lowest ever five-year fixed rate for remortgage borrowers, as part of our rate reductions for selected products in our remortgage range.”

Rates for two and three-year fixed rate mortgages for house purchase borrowers, 90-95% LTV, will increase by up to 0.15%.

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

Media Contacts

http://www.tsb.co.uk/news-releases/

Notes to editors

Rates effective from 12 May 2017

Home Mover 2 Year Fixed

LTV	Fee	Old Rate %	New Rate %	Rate Difference %
90-95%	£995	3.58	3.68	+0.10
90-95%	£0	3.99	4.09	+0.10

Home Mover 3 Year Fixed

LTV	Fee	Old Rate %	New Rate %	Rate Difference %
90-95%	£995	3.58	3.78	+0.15
90-95%	£0	3.98	4.13	+0.15

Remortgage 3 Year Fixed

LTV	Fee	Old Rate %	New Rate %	Rate Difference %
0-60%	£995	1.69	1.54	0.15
0-60%	£0	2.09	1.94	0.15
60-75%	£995	1.74	1.59	0.15
60-75%	£0	2.14	1.99	0.15

Remortgage 5 Year Fixed

LTV	Fee	Old Rate %	New Rate %	Rate Difference %
0-60%	£995	1.89	1.74	0.15
0-60%	£0	2.09	1.94	0.15
60-75%	£995	1.99	1.89	0.10
60-75%	£0	2.39	2.29	0.10
75-80%	£995	2.14	2.09	0.05
75-80%	£0	2.54	2.49	0.05
80-85%	£995	2.29	2.24	0.05
80-85%	£0	2.69	2.64	0.05

Remortgage 10 Year Fixed with 10 year ERC

LTV	Fee	Old Rate %	New Rate %	Rate Difference %
0-60%	£995	2.64	2.49	0.15
0-60%	£0	2.74	2.59	0.15

Remortgage 10 Year Fixed with 5 year ERC

LTV	Fee	Old Rate %	New Rate %	Rate Difference %
0-60%	£0	2.94	2.79	0.15

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.

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